HJ Residential Plc

February 05, 2015 04:00 ET

HJ Residential plc: First Day of Dealing and Issue of Debentures

HJ Residential PLC

First Day of Dealing and Issue of Debentures

The  Directors of HJ Residential plc are pleased to announce that subject to the Offer of up  to  4,000,000
6.0%  Bonds  2024,  comprising Debentures of £1 per unit nominal value, it has  to  date  issued  1,132,043
Debenture Units for a total of £1,132,043.

Furthermore the Company's Debentures were admitted to trading on GXG's Main Quote market at 8.00am today.

HJ  Residential  was  founded  in order to acquire UK residential property,  the  funding  of  which  would
principally be by way of the issuance of a 10 year 6.0% bond.

The  Company expects to generate revenue by acquiring and re-selling residential properties which purchased
from  "motivated sellers". The gains made from selling the properties will in turn service the debts.  Only
properties which can be purchased at a significant discount to market value and which are capable of  being
sold within a couple of months will be considered for purchase by the Company.

Further details are contained in the Company's admission document on the GXG website.

The Debentures will trade under the ticker 'GXG: HJR' and the Company's ISIN code is GB00BQ1KLD00.

The Directors of the Issuer accept responsibility for the contents of this announcement.


Mark Stephen - CEO
HJ Residential plc
Telephone: +44 203 651 8300

GXG Corporate Advisor
Nick Michaels and Jon Isaacs
Alfred Henry Corporate Finance Limited
Tel: +44 207 251 3762

5 February 2015

Contact Information

  • HJ Residential Plc