Secure Property raises $17.05 million through share placing (UK)

SECURE PROPERTY Development & Investment (formerly AISI Realty Public Limited) announces that it has raised $17.05 million (approx. €13 million), before expenses, via a placing of 14,568,842 new ordinary shares of €0.01 each in the capital of the Company to new and existing investors at £0.74 per Placing Share.

The Placing Shares will be issued credited as fully paid and will rank pari passu with the existing ordinary shares, including the right to receive all dividends and other distributions declared in respect of such shares after the date of their issue.

The Company will shortly apply for admission of the Placing Shares to trading on AIM, a market of the London Stock Exchange . It is expected that Admission will take place and that trading will commence on or about 5 March 2013. The Placing is conditional upon, inter alia, Admission becoming effective.

Following Admission, there will be a total of 25,680,817 Ordinary Shares in issue. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.

Source: FTI Consulting

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