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DJ Walls & Futures REIT PLC First Day of Dealing

TIDMWAFR

RNS Number : 3392Q

Walls & Futures REIT PLC

29 November 2016

Walls & Futures REIT plc

   (Epic:    WAFR) 

First Day of Dealing Announcement

The Directors of Walls & Futures REIT plc ("Walls & Futures"), the residential property investment company, are pleased to announce that its application to the ISDX Growth Market for Admission of its Ordinary Shares has been successful.

It is expected that trading for the Company's 3,290,225 Ordinary Shares of GBP0.05 each will become effective and that dealings will commence at 8.00 am on 29th November 2016.

Background

Walls & Futures was incorporated to acquire the assets of the Walls & Futures London Growth Fund by way of a restructuring and to raise additional equity finance to acquire, refurbish or develop residential properties in the UK. The Company's strategy is to invest in cities and towns across the UK. There will be an emphasis on acquiring assets that can be developed or redeveloped to create value and enhance yields. The initial focus will be on the provision of residential housing for the private rented and supported housing sectors, providing a blend of capital growth and higher yielding assets.

Walls & Futures has recently closed an Offer for Subscription which raised just over GBP1 million at an issue price of GBP1 per Ordinary Share.

Joe McTaggart, Chief Executive Officer, commented:

"We are delighted to be joining ISDX and by the investor enthusiasm and support for the Company during our recent fundraise. I would like to welcome our new shareholders and look forward to updating them, and our long standing London Growth Fund investors, as the Company moves forward and executes its growth plans."

Further Background

 
 Company Details:         Walls &Futures REIT plc 
                           registered in England and Wales (Company 
                           No. 10071765) 
 Registered Office:       3(rd) Floor, 111 Buckingham Palace Road, 
                           London SW1W 0SR 
 ISIN                     GB00BD04QG09 
 EPIC                     WAFR 
 Sector Classification    Real Estate Investment Trust 
 Website                  www.wallsandfutures.com 
 Shares in public 
  hands                   82.52% 
 

A copy of the Admission Document is available by application to the Company's Corporate Adviser - City & Merchant - info@cityandmerchant.com or 0207 101 7676.

The directors of the issuer accept responsibility for the contents of this announcement

For further information please contact:

WALLS & FUTURES REIT plc

 
 Joe McTaggart                            020 7340 8677 
                                joe@wallsandfutures.com 
 Walls & Futures REIT plc 
  3(rd) Floor 
  111 Buckingham Palace Road 
  London 
  SW1W 0SR 
  www.wallsandfutures.com 
 

CITY & MERCHANT LIMITED

 
 David Papworth            020 7101 7676 info@cityandmerchant.com 
 City & Merchant Limited 
  55 Old Broad Street 
  London 
  EC2M 1RX 
 

Note to Editors:

Walls & Futures REIT plc is a Real Estate Investment Trust committed to delivering long-term income and capital growth by investing in residential property across the UK.

The company intends to acquire, develop and manage residential property, with a particular focus on London and the South East for the private rental sector and countrywide for the supported housing sector.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 29, 2016 02:15 ET (07:15 GMT)