Taliesin Property Fund Limited
(the "Company")
Further issue of ZDP Shares - result of placing
Further to the Company's announcement on 13 June 2014, the Board of Taliesin announces that the Company has placed 2,717,596 ZDP Shares with institutional investors at 115 pence per share with gross proceeds amounting to approximately £3.1 million
The ZDP Shares have been placed pursuant to the Placing Programme as outlined in the Company's prospectus published on 13 August 2013 (the "Prospectus), as supplemented by the supplementary prospectus published on 24 June 2014.
An application has been made for the ZDP Shares to be admitted to the Official List and to trading on the London Stock Exchange and dealings are expected to commence at 8.00 a.m. on 11 July 2014. Following Admission, the Company's share capital will comprise 4,315,103 Ordinary Shares (of which 10,000 Ordinary Shares are held in treasury) and 14,354,864 ZDP Shares.
Terms used and not defined in this announcement bear the meaning given to them in the Prospectus.
For further information, please contact:
Taliesin Property Fund Limited
Mark Smith, Director
01534 700 000
Westhouse Securities Limited
Alastair Moreton / Hannah Young / Darren Vickers
020 7601 6118
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