03 February 2020
KCR Residential REIT plc (AIM: KCR), the residential real estate investment company, is pleased to announce its annual results for the year ended 30 June 2019.
The full results are available to
download in PDF format
The Annual Report will shortly be available from the Company's website, www.kcrreit.com, and will be posted to shareholders in the coming days.
With publication of the Annual Report, in accordance with the AIM Rules for Companies, the temporary suspension of the Company's ordinary shares under AIM Rule 40, which took effect at 7.30am on 2 January 2020, can now been lifted. Trading in the Company's ordinary shares is expected to recommence today.
On 31 January 2020 the Company's largest shareholder, Torchlight Fund LP ("Torchlight"), confirmed that, if necessary, it would exercise its Option (the Option Agreement announced in the RNS of 12 July 2019) sufficient to ensure that the Company's liabilities would be satisfied as they fall due. Torchlight's broader intent remains, as announced in July 2019, to grow significantly its investment in residential property through its partnership with KCR.
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by the Company to constitute inside information for the purposes of the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
|KCR Residential REIT plc
Dominic White, Chief Executive
+44 20 3793 5236
|Arden Partners plc
Richard Johnson / Benjamin Cryer
|+44 20 7614 5900|
Notes to editors:
KCR's objective is to build a substantial residential property portfolio that generates secure income flow for shareholders through the acquisition of SPVs (Special Purpose Vehicles) with inherent historical capital gains. The Directors intend that the group will acquire, develop and manage residential property assets in residential areas in the UK.