8th Nov 2006 16:53
ING UK Real Estate Income Trust Ltd08 November 2006 THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN FOR IMMEDIATE RELEASE ING UK Real Estate Income Trust Limited announces results of Placing (London, 8 November 2006) This announcement appears as a matter of record only. Results of the Placing Further to this morning's announcement, the bookbuilding process in connectionwith the placing of shares (the "Placing") by JPMorgan Cazenove Limited("JPMorgan Cazenove") on behalf of ING UK Real Estate Income Trust Limited (the"Company") has now closed. The Company has raised equity of £32.2 million (before expenses) by the Placingof 26.5 million shares (the "Placing Shares"). This is equivalent to 8.0 percent. of the issued share capital of the Company after the Placing. The Placingprice was 121.5 pence per share. Given the strong level of investor demand ING REI Investment (UK) B.V. has notsubscribed for any Placing Shares. Following the Placing, ING Group's aggregateinterest remains at 61,000,000 shares, representing 18.4 per cent. of theCompany's equity capital. Applications will be made to the Financial Services Authority and to the LondonStock Exchange for the Placing Shares to be admitted to the Official List and totrading on the London Stock Exchange. Admission and settlement are expected tooccur and dealings to commence in the Placing Shares on 14 November 2006. ThePlacing Shares will rank pari passu in all respects with the existing ordinary shares save for the dividend for the period to 30 September 2006 announced on 2November and due to be paid on 30 November 2006. ING Corporate Finance is acting as joint financial adviser and JP MorganCazenove is acting as joint financial adviser, broker, book runner and sponsorin relation to the Purchase and the Placing. For further information please visit the web site at www.ingreit.co.uk, orcontact: ING Real Estate Investment Management (UK) +44 20 7767 5555Elliot CaldwellMichael Morris ING Corporate Finance +44 20 7767 1000Nicholas GoldWilliam Marle JP Morgan Cazenove +44 20 7588 2828Richard CottonAngus Gordon Lennox Financial Dynamics +44 20 7831 3113Stephanie HighettDido Laurimore This announcement is not for distribution directly or indirectly in or into theUnited States, Canada, Australia or Japan. This announcement does not constitutean offer to sell or issue or the solicitation of an offer to buy or acquireshares in the capital of ING UK Real Estate Income Trust Limited in the UnitedStates, Canada, Australia or Japan or any jurisdiction in which such an offer orsolicitation is unlawful. The shares in ING UK Real Estate Income Trust Limitedreferred to in this announcement have not been and will not be registered underthe Securities Act and may not be offered or sold within the United Statesabsent registration or an exemption from registration. No public offering ofsecurities will be made in the United States, Canada, Australia, or Japan. This announcement has been communicated by JPMorgan Cazenove Limited which isauthorised and regulated in the United Kingdom by the Financial ServicesAuthority and does not constitute an offer to sell or a solicitation of an offerto purchase any securities. The price of shares and the income from them may godown as well as up and investors may not get back the full amount invested ondisposal of the shares. Investments in property are relatively illiquid andmore difficult to realise than equities or bonds. Yields may vary, and are notguaranteed. There is no guarantee that the market price of shares in the fundwill fully reflect their underlying NAV. END This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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