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COMPANY INFORMATION 2019-01-28T18:23:35+00:00

Company Information

Lighthouse Capital’s primary objective is investing and developing in diverse global real estate.

The Company seeks to invest predominantly in Europe targeting properties with strong sustainable income from high quality tenants with a strong likelihood of renewal of leases on expiry.

Listed investments are well diversified and include real estate securities with reasonable yields and growth outlooks.

Stated Capital

As at 30 September 2018

GROUP COMPANY
2018
EUR
2017
EUR
2018
EUR
2017
EUR
 Authorised
18,386,433,004 (2017: 15,721,669,363) ordinary shares of no par value
 Issued
9,488,106,526 (2017: 9,322,176,525) ordinary shares of no par value at an average of approximately EUR 0.063 (2017: EUR 0.105) per share*) 600,703,936  975,367,686 600,703,936  975,367,686
* Transaction costs recognised as a deduction from equity amounted to EUR 0.02 million (2017: EUR 1.43 million).

TRANSFERS FROM STATED CAPITAL TO NON-DISTRIBUTABLE RESERVE AND REPAYMENTS OF CAPITAL

  • Shareholders authorised the transfer of EUR 400 million from stated capital to non-distributable reserve at a general meeting of the company held on 2 August 2018.
  • On 21 September 2018, the company’s board authorised a return of capital of EUR 300 million from non-distributable reserve, payable to shareholders on 8 October 2018.

Subsequent events

  • Shareholders authorised the transfer of EUR 450 million from stated capital to non-distributable reserve at a general meeting of the company held on 26 November 2018.
  • On 27 November 2018, the company’s board authorised a return of capital of EUR 300 million from non-distributable reserve, payable to shareholders on 10 December 2018.

RECONCILIATION OF MOVEMENT IN ISSUED SHARES DURING THE YEAR

As at 30 September 2018

GROUP COMPANY
2018
EUR
2017
EUR
2018
EUR
2017
EUR
 Balance at the beginning of the year  9,322,176,525  4,920,833,333  9,322,176,525  4,920,833,333
 Shares issued by way of scrip distribution: 129,515,466 172,575,922 129,515,466 172,575,922
   6 Dec 2016   56,962,424 56,962,424
   14 Jun 2017   115,613,498 115,613,498
   20 Dec 2017  129,515,466 129,515,466
 Shares issued by way of bookbuild 4,228,767,270  4,228,767,270
    27 March 2017  1,324,503,311 1,324,503,311
    12 Jun 2017 620,000,000 620,000,000
    22 Aug 2017 2,284,263,959 2,284,263,959
Incentive shares issued to the Greenbay Share Trust
on 14 December 2017 (* 1)
36,414,535
Acquired by Greenbay Investments 1 Limited during
the year (* 2)
(332,303,187)
 9,119,388,804  9,322,176,525  9,488,106,526  9,322,176,525
Treasury shares at 30 September 2018:
(* 1) The group held 36,414,535 treasury shares in The Greenbay Share Trust.
(* 2) The group held 332,303,187 treasury shares in Greenbay Investments 1 Limited. The treasury shares were acquired between 12 June 2018 and
28 September 2018, excluding regulatory closed periods