16th Dec 2014 17:59
16 December 2014
Secure Income REIT Plc (the "Company")
TR-1: Notification of major interest in shares
Secure Income REIT Plc announces that it has been notified by Lloyds Banking Group plc that its wholly owned indirect subsidiary, Prestonfield Investments Limited ("Prestonfield") has reorganised its holdings in the Company so that neither it nor its connected persons is a direct shareholder in the Company and a 'holder of excessive rights', as defined under the UK REIT rules. Ultimate beneficial ownership of the shares is unchanged and the shares remain subject to the lock-in arrangements put in place at the time of the Company's admission to trading on AIM on 5 June 2014.
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi | ||||
1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii | Secure Income REIT Plc | |||
2 Reason for the notification (please tick the appropriate box or boxes): | ||||
An acquisition or disposal of voting rights | ||||
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached | ||||
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments | ||||
An event changing the breakdown of voting rights | ||||
Other (please specify): | Disclosure of revised chain of control following reorganisation of holding | X | ||
3. Full name of person(s) subject to thenotification obligation: iii | Lloyds Banking Group plc | |||
4. Full name of shareholder(s) (if different from 3.):iv | See Section 9 | |||
5. Date of the transaction and date onwhich the threshold is crossed orreached: v | 12 December 2014 | |||
6. Date on which issuer notified: | 15 December 2014 | |||
7. Threshold(s) that is/are crossed orreached: vi, vii | 25% | |||
8. Notified details: | |||||||||||||||
A: Voting rights attached to shares viii, ix | |||||||||||||||
Class/type ofshares if possible usingthe ISIN CODE | Situation previousto the triggeringtransaction | Resulting situation after the triggering transaction | |||||||||||||
NumberofShares | NumberofVotingRights | Numberof shares | Number of votingrights | % of voting rights x | |||||||||||
Direct | Direct xi | Indirect xii | Direct | Indirect | |||||||||||
ORD GBP0.1 | 42,619,486 | 42,619,486 | 42,619,486 | 25.302% | |||||||||||
GB00BLMQ9L68 | |||||||||||||||
B: Qualifying Financial Instruments | |||||||||||||||
Resulting situation after the triggering transaction | |||||||||||||||
Type of financialinstrument | Expirationdate xiii | Exercise/Conversion Period xiv | Number of votingrights that may beacquired if theinstrument isexercised/ converted. | % of votingrights | |||||||||||
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi | |||||||||||||||
Resulting situation after the triggering transaction | |||||||||||||||
Type of financialinstrument | Exercise price | Expiration date xvii | Exercise/Conversion period xviii | Number of voting rights instrument refers to
| % of voting rights xix, xx
| ||||||||||
| Nominal | Delta | |||||||||||||
Total (A+B+C) | |||||||||||||||
Number of voting rights | Percentage of voting rights | ||||||||||||||
42,619,486 | 25.302% | ||||||||||||||
9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi | |||||||||||||||
14,206,496 shares (8.434%), are under the control of Prestonfield P1 Limited , a wholly owned subsidiary of Prestonfield Investments Limited, a wholly owned subsidiary of Uberior Investments Limited, a wholly owned subsidiary of Bank of Scotland plc, a wholly owned subsidiary of HBOS plc, a wholly owned subsidiary of Lloyds Bank plc, a wholly owned subsidiary of Lloyds Banking Group plc.
14,206,495 shares (8.434%), are under the control of Prestonfield P2 Limited , a wholly owned subsidiary of Prestonfield Investments Limited, a wholly owned subsidiary of Uberior Investments Limited, a wholly owned subsidiary of Bank of Scotland plc, a wholly owned subsidiary of HBOS plc, a wholly owned subsidiary of Lloyds Bank plc, a wholly owned subsidiary of Lloyds Banking Group plc.
14,206,495 shares (8.434%), are under the control of Prestonfield P3 Limited , a wholly owned subsidiary of Prestonfield Investments Limited, a wholly owned subsidiary of Uberior Investments Limited, a wholly owned subsidiary of Bank of Scotland plc, a wholly owned subsidiary of HBOS plc, a wholly owned subsidiary of Lloyds Bank plc, a wholly owned subsidiary of Lloyds Banking Group plc.
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Proxy Voting: | |||||||||||||||
10. Name of the proxy holder: | N/A | ||||||||||||||
11. Number of voting rights proxy holder will ceaseto hold: | N/A | ||||||||||||||
12. Date on which proxy holder will cease to holdvoting rights: | N/A | ||||||||||||||
13. Additional information: | Notification using the Total Voting Rights figure of 168,443,766 | ||||||||||||||
14. Contact name: | Darren Hemsley | ||||||||||||||
15. Contact telephone number: | 0113 235 7676 | ||||||||||||||
Enquiries:
Secure Income REIT Plc | +44 20 7647 7647 |
Sandy Gumm | |
Oriel Securities Limited (Nominated Adviser) | +44 20 7710 7720 |
David Arch | |
Tom Yeadon | |
| |
FTI Consulting | +44 20 3727 1000 |
Richard Sunderland | |
Claire Turvey |
Related Shares:
LloydsSIR.L