DJ SWEF: Fourth Capital Distribution
Starwood European Real Estate Finance Ltd (SWEF)
SWEF: Fourth Capital Distribution
20-Feb-2024 / 07:00 GMT/BST
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Starwood European Real Estate Finance Limited
(the "Company" or "SEREF")
GBP20 Million Capital Distribution
The Board of Starwood European Real Estate Finance Limited is pleased to announce the Company's fourth capital
distribution of circa GBP20.0 million.
This distribution is being funded by the previously announced full EUR18.8 million repayment of the Company's Office,
Madrid loan received in December 2023 and a partial repayment, received in January 2024, of EUR6.0 million from Hotel,
Dublin.
Fourth Capital Distribution
Accordingly, the Company has resolved to make a fourth capital distribution totalling (after expenses) circa GBP20.0
million to SEREF shareholders by way of a compulsory partial redemption of shares at a price of GBP1.0308 per share
(being the last published NAV per share prior to this announcement) (the "Compulsory Redemption"). The amount applied
to the Compulsory Redemption is after the deduction of costs and expenses which are expected to be circa GBP10,000.
Shareholder Information
The Compulsory Redemption will be affected pro rata to holdings on the share register as at the close of business on 22
February 2024 (the "Redemption Date"), being the record date for the Compulsory Redemption. Circa 6.19 per cent. of the
Company's issued share capital will be redeemed on the Redemption Date (the "Redemption Ratio"). Fractions of shares
produced by the Redemption Ratio will not be redeemed, so the number of shares to be compulsorily redeemed from each
shareholder will be rounded down to the nearest whole number of shares.
Payments of redemption monies are expected to be affected either through CREST (in the case of shares held in
uncertificated form) or by cheque (in the case of shares held in certificated form) by 28 February 2024. Any
certificates currently in circulation will be superseded by a new certificate which will be distributed to certificated
shareholders by 28 February 2024.
The Company currently has 313,690,942 shares in issue. All of the shares redeemed on the Redemption Date will be
cancelled and accordingly will thereafter be incapable of transfer by shareholders or reissue by the Company.
The shares will be disabled in CREST after close of business on the Redemption Date and the existing ISIN number,
GG00BQRGMH31, (the "Old ISIN") will expire. The new ISIN number, GG00BP6VJD72, (the "New ISIN") in respect of the
remaining shares which have not been compulsorily redeemed will be enabled and available for transactions from 8.00
a.m. on 23 February 2024. The share price TIDM, "SWEF.L", will remain unchanged. For the period up to and including the
Redemption Date, shares will be traded under the Old ISIN and as such, a purchaser of such shares may have a market
claim for a proportion of the redemption proceeds following the activation of the New ISIN. CREST will automatically
transfer any open transactions as at the Redemption Date to the New ISIN.
John Whittle Chairman of the Company commented:
"We were pleased to receive a partial repayment of EUR6.0m in January which further increased the capital available to
the Company following the full repayment of Office, Madrid in December. As a result, we have resolved to proceed in
returning capital to shareholders promptly through the Fourth Capital Distribution announced today. Our aim is to
continue to expedite regular distributions whenever practicable and we look forward to updating shareholders on further
capital returns in the coming months."
For further information, please contact:
Apex Fund and Corporate Services (Guernsey) Limited as Company Secretary
Duke Le Prevost
T: +44 (0) 203 5303 660
E: starwood@apexgroup.com
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 conduct an orderly realisation of the assets of the Company.
www.starwoodeuropeanfinance.com
The Group's assets are managed by Starwood European Finance Partners Limited, an indirect wholly-owned subsidiary of
the Starwood Capital Group.
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Dissemination of a Regulatory Announcement that contains inside information in accordance with the Market Abuse
Regulation (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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ISIN: GG00BQRGMH31
Category Code: MSCU
TIDM: SWEF
LEI Code: 5493004YMVUQ9Z7JGZ50
OAM Categories: 2.5. Total number of voting rights and capital
3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.: 304679
EQS News ID: 1840445
End of Announcement EQS News Service
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(END) Dow Jones Newswires
February 20, 2024 02:00 ET (07:00 GMT)
