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Director Dealings

11 May 2017

K&C REIT announces that it has been notified that all the 2,500,000 ordinary shares previously held in the name of Gravity Investment Group Limited ("Gravity"), a company controlled by Mr Christopher Bateman, a non-executive director of the Company, have been sold for £250,000 to Forbes Ventures ("Forbes"), which was satisfied by the issue to Gravity of shares in Forbes. Forbes is a company whose shares are traded on the NEX Growth Market. Gravity now owns approximately 69.66 per cent of the issued share capital of Forbes.

 

Contacts:

K&C REIT
Dominic White, Chief executive
Tim James, Property director
info@kandc-reit.co.uk
+44 20 3793 5236
+44 7768 833 029
Stockdale Securities (nominated adviser and joint broker)
Antonio Bossi / Robert Finlay / David Coaten
+44 20 7601 6100
Peterhouse Corporate Finance (joint broker)
Lucy Williams / Heena Karani
+44 20 7469 0933
Yellow Jersey PR
Charles Goodwin
+44 7747 788 221

 

Notes to editors:

The Group operates in the residential private rented sector (PRS), with an emphasis on Central London. The residential sector has several sub-categories, including PRS, which was K&C's original focus, retirement residential, residential care and social housing. K&C's operations in the market broadened following the acquisition of K&C (Osprey) to include the retirement residential sub-category in London and the southeast of the UK.

 

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