Director Dealings

11 May 2017

K&C REIT announces that it has been notified that all the 2,500,000 ordinary shares previously held in the name of Gravity Investment Group Limited ("Gravity"), a company controlled by Mr Christopher Bateman, a non-executive director of the Company, have been sold for £250,000 to Forbes Ventures ("Forbes"), which was satisfied by the issue to Gravity of shares in Forbes. Forbes is a company whose shares are traded on the NEX Growth Market. Gravity now owns approximately 69.66 per cent of the issued share capital of Forbes.



Dominic White, Chief executive
Tim James, Property director
[email protected]
+44 20 3793 5236
+44 7768 833 029
Stockdale Securities (nominated adviser and joint broker)
Antonio Bossi / Robert Finlay / David Coaten
+44 20 7601 6100
Peterhouse Corporate Finance (joint broker)
Lucy Williams / Heena Karani
+44 20 7469 0933
Yellow Jersey PR
Charles Goodwin
+44 7747 788 221


Notes to editors:

The Group operates in the residential private rented sector (PRS), with an emphasis on Central London. The residential sector has several sub-categories, including PRS, which was K&C's original focus, retirement residential, residential care and social housing. K&C's operations in the market broadened following the acquisition of K&C (Osprey) to include the retirement residential sub-category in London and the southeast of the UK.