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Starwood European Real Estate Finance Ltd (SWEF)
SWEF: Notice of EGM
23-Apr-2019 / 11:06 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
23 April 2019
Starwood European Real Estate Finance Limited (the "Company")
Publication of circular and posting of EGM Notice and Proxy Form
Starwood European Real Estate Finance Limited announces it has published a
circular in connection with an Extraordinary General Meeting (the
"Circular") which will be held on 15 May 2019 at 9:45 a.m. (or, if later, as
soon as reasonably practicable following the conclusion or adjournment of
the Annual General Meeting ("AGM") of the Company convened for the same date
and place) at the registered office of the Company at 1 Royal Plaza, Royal
Avenue, St Peter Port, Guernsey GY1 2HL.
The purpose of the Circular is to seek shareholder approval for certain
share allotment and dis-application authorities to enable the Company to
raise further funding through one or more tap issues (Additional Tap Issue
Authority), which, if obtained, will supplement the authorities proposed at
the Annual General Meeting on 15 May 2019.
At the AGM to be held on 15 May 2019, the Company is seeking allotment and
dis-application authorities to enable the Company to carry out one or more
issues of Shares, in aggregate, up to 10 per cent. of the number of Shares
in issue at the AGM.
Since the implementation of the Prospectus Regulation in the United Kingdom
in July 2017, issuers such as the Company can issue up to (but not
including) 20 per cent. of the securities already admitted to trading over
12 months by way of issues of shares without any requirement to publish a
prospectus.
Accordingly, the Company intends to supplement the 10 per cent allotment and
dis-application authorities to be taken at the AGM with the Additional Tap
Issue Authority, comprising a further allotment authority and
dis-application authority over an additional 10 per cent. of issued Share
capital to be sought at the Extraordinary General Meeting. The background to
and reasons for the Additional Tap Issue Authority is set out in the
Circular.
Any Shares issued under the Additional Tap Issue Authority on a
non-pre-emptive basis will be issued at a premium to the then prevailing Net
Asset Value per Share which will be sufficient to cover the costs and
expenses of the relevant issue.
In connection with this meeting, copies of the following documents have been
posted to shareholders and will provide additional details of the benefits
and risks of the proposals:
? A Circular including the Notice of the Extraordinary General Meeting;
and
? Proxy Form for the Extraordinary General Meeting.
The Notice of the Extraordinary General Meeting is available to view on, and
download from, the Company's website at http://starwoodeuropeanfinance.com
[1]. The Notice of the Extraordinary General Meeting has also been submitted
to the National Storage Mechanism and will shortly be available for
inspection at www.morningstar.co.uk/uk/NSM [2]
LEI: 5493004YMVUQ9Z7JGZ50
For further information, please contact:
Starwood Capital
Duncan MacPherson
T: +44 20 7016 3655
Apex Fund and Corporate Services (Guernsey) Limited
Dave Taylor
T: +44 1481 735879
Stifel Nicolaus Europe Limited
Mark Bloomfield
Neil Winward
Gaudi Le Roux
T: +44 20 7710 7600
Notes:
Starwood European Real Estate Finance Limited is an investment company
listed on the main market of the London Stock Exchange with an investment
objective to provide Shareholders with regular dividends and an attractive
total return while limiting downside risk, through the origination,
execution, acquisition and servicing of a diversified portfolio of real
estate debt investments in the UK and the wider European Union's internal
market. www.starwoodeuropeanfinance.com [3].
The Group is the largest London-listed vehicle to provide investors with
pure play exposure to real estate lending.
The Group's assets are managed by Starwood European Finance Partners
Limited, an indirect wholly-owned subsidiary of the Starwood Capital Group.
ISIN: GG00B79WC100
Category Code: NOG
TIDM: SWEF
LEI Code: 5493004YMVUQ9Z7JGZ50
Sequence No.: 8297
EQS News ID: 802273
End of Announcement EQS News Service
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=4541d4f47c5aa87d16cec4e61ea9cb78&application_id=802273&site_id=vwd_london&application_name=news
2: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=c43799754192ba251905a6a4a8236277&application_id=802273&site_id=vwd_london&application_name=news
3: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=b23db157198a0a902bf512045ba62186&application_id=802273&site_id=vwd_london&application_name=news
(END) Dow Jones Newswires
April 23, 2019 06:07 ET (10:07 GMT)
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