Real Estate Credit Investments Ltd Sale of Portfolio Holding (8914N)
07 Junho 2022 - 3:01AM
UK Regulatory
TIDMRECI
RNS Number : 8914N
Real Estate Credit Investments Ltd
07 June 2022
Date and time of release: 7 June 2022, 7:00 am
Real Estate Credit Investments Limited
Sale of Portfolio Holding
Real Estate Credit Investments Limited ("RECI" or the "Company")
is pleased to announce the successful exit from its investment in
Elivia Homes, a UK based housebuilder.
The Company first invested in Elivia (formerly Vanderbilt) Homes
in 2014 and maintained its eight years investment throughout the
subsequent challenges to the SME housebuilding sector, including
Brexit and the Covid pandemic.
RECI's GBP16.4million proceeds from the sale, which is accretive
to the current NAV, adding approximately 1.0 pence to the NAV per
share, will be deployed into the Company's growing pipeline of
attractive investment opportunities.
The Company's usual announcement of its month end NAV per share
will be included within the release of its next Monthly Fact Sheet,
expected on or before 13 June 2022.
For further information please contact:
Richard Crawley / Darren Vickers +44 (0)20 3100
Broker: (Liberum Capital) 2222
+44 (0)20 7968
Investment Manager: Richard Lang (Cheyne) 7328
-----END------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
PFUQQLFBLQLEBBE
(END) Dow Jones Newswires
June 07, 2022 02:01 ET (06:01 GMT)
Real Estate Credit Inves... (AQSE:RECI.GB)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024
Real Estate Credit Inves... (AQSE:RECI.GB)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024