12th Mar 2007 13:14
Wichford plc12 March 2007 Wichford plc ("the Company") 12 March 2007 Result of Extraordinary General Meeting Wichford, the property investment company, is pleased to announce that, at anExtraordinary General Meeting of the Company, which took place earlier today,the resolutions put to shareholders in order to effect the Placing to raise £75million (before expenses), announced on 16 February 2007, were duly passed. The Placing remains conditional upon Admission of the New Ordinary Shares totrading on AIM. It is expected that Admission and dealings in the New OrdinaryShares will occur at 8.00 a.m. tomorrow, 13 March 2007. Enquiries WichfordJamie Hambro Tel: 020 7747 5678Richard Britten-Long Tel: 020 7333 0044 Citigate Dewe Rogerson Tel: 020 7638 9571George CazenoveHannah Seward Notes to EditorsWichford PLC is a property investment company, with a portfolio focused on UKinvestment property outside Central London occupied exclusively by UK CentralGovernment bodies. The Company currently has 68 properties under management witha gross asset value of circa £511 million generating a rental income of over£30.6 million per annum. The Company maintains a portfolio of properties acrossthe UK with unit values usually between £2 million and £25 million. Theproperties are occupied by UK Central Government bodies and all are outsideCentral London. The Company's current core portfolio has a weighted averageunexpired lease term of circa 11 years. The Company recently announced plans to expand its UK portfolio and to takeadvantage of property acquisition opportunities in Continental Europe with thenet proceeds of the placing approved at today's AGM This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
RDI.L