ISIN:GG00B79WC100

SWEF: Capital Distribution Update

Retrieved on: 
Tuesday, June 27, 2023
ISIN, MAR, London, Starwood Capital Group, London Stock Exchange, BACS, Security (finance), Bank, Holding company, CREST

Fractions of shares produced by the applicable redemption ratios have not been redeemed and therefore the number of shares redeemed in respect of each shareholder has been rounded down to the nearest whole number of shares.

Key Points: 
  • Fractions of shares produced by the applicable redemption ratios have not been redeemed and therefore the number of shares redeemed in respect of each shareholder has been rounded down to the nearest whole number of shares.
  • Any certificates currently in circulation will be superseded by a new certificate which will be distributed to shareholders on 30 June 2023.
  • Following the redemption, the Company has 385,940,346 shares in issue and the total number of voting rights is 385,940,346.
  • 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
    Dissemination of a Regulatory Announcement that contains inside information in accordance with the Market Abuse Regulation (MAR), transmitted by EQS Group.

SWEF: Initial Capital Distribution

Retrieved on: 
Tuesday, June 20, 2023
London Stock Exchange, Extraordinary general meeting, MAR, NAV, Old, Starwood Capital Group, London, TIDM, ISIN, Security (finance), CREST

The Company has resolved to make an initial capital distribution totaling (after expenses) £10 million to SEREF shareholders by way of a compulsory partial redemption of shares at a price of £1.0363 per share (being the last published NAV per share prior to this announcement) (the “Compulsory Redemption”).

Key Points: 
  • The Company has resolved to make an initial capital distribution totaling (after expenses) £10 million to SEREF shareholders by way of a compulsory partial redemption of shares at a price of £1.0363 per share (being the last published NAV per share prior to this announcement) (the “Compulsory Redemption”).
  • of the Company’s issued share capital will be redeemed on the Redemption Date (the “Redemption Ratio”) equivalent to approximately 9,649,715 of the Company’s issued shares.
  • John Whittle Chairman of the Company commented:
    “In accordance with the Company’s expectation in SEREF’s circular to shareholders on 28 December 2022 to announce the first realisation in H1, we are pleased to declare an initial redemption distribution of £10 million to shareholders.
  • 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.

SWEF: May 2023 NAV

Retrieved on: 
Monday, June 19, 2023
NAV, FX, Movement, Financial services

(2) Euro amounts drawn and commitments converted at the month end spot rate.

Key Points: 
  • (2) Euro amounts drawn and commitments converted at the month end spot rate.
  • The difference between amounts drawn in the table above and “Loans advanced” in the first table is accrued income.
  • Reconciliation of NAV per share movements for the month ended 31 May 2023:
    (3) Operating Income available to distribute comprises loan income recognised in the period less the cost of debt facilities utilised by the Group and operating costs incurred.
  • Mismatches between the hedge valuations and the loan investments may occur depending on the shape of the forward FX curve and this causes some movement in the NAV.

SWEF: Cancellation of Shares Held in Treasury

Retrieved on: 
Thursday, June 15, 2023
Treasury, Security (finance)

The Board of the Company announces that it has resolved with immediate effect to cancel all of its 17,626,702 shares held in treasury.

Key Points: 
  • The Board of the Company announces that it has resolved with immediate effect to cancel all of its 17,626,702 shares held in treasury.
  • The total issued capital is 395,592,696 shares and the total number of voting rights is 395,592,696, and this is the denominator which may be used by shareholders for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA’s Disclosure Guidance and Transparency Rules.

SWEF: Results of AGM

Retrieved on: 
Saturday, June 10, 2023
NSM, National Storage, Annual general meeting

To authorise the Company to make market purchases of its own shares.

Key Points: 
  • To authorise the Company to make market purchases of its own shares.
  • The full text of the resolutions may be found in the Notice of Tenth Annual General Meeting contained in the Shareholder Document dated 17 May 2023, copies of which are is available on both the Company's website www.starwoodeuropeanfinance.com and on the National Storage Mechanism ***
    *** Neither the NSM website nor the Company’s website nor the content of any website accessible from hyperlinks on those websites (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of this announcement

SWEF: April 2023 NAV

Retrieved on: 
Thursday, May 18, 2023
MAR, NAV, FX, Movement, Financial services

The Operating Income available to distribute also includes any realised foreign exchange gains or losses upon settlement of hedges, except those described in note 4.

Key Points: 
  • The Operating Income available to distribute also includes any realised foreign exchange gains or losses upon settlement of hedges, except those described in note 4.
  • Mismatches between the hedge valuations and the loan investments may occur depending on the shape of the forward FX curve and this causes some movement in the NAV.
  • 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.

SWEF: Notice of AGM

Retrieved on: 
Wednesday, May 17, 2023
Royal Avenue, Belfast, National Storage, Corporate services, London Stock Exchange, Annual, Annual general meeting, Article, London, Annual report, Saint Peter Port, Consolidated, The Year's Best Science Fiction: Tenth Annual Collection, Cryptocurrency, Starwood

In connection with this meeting, copies of the following documents will be posted to shareholders:

Key Points: 
  • In connection with this meeting, copies of the following documents will be posted to shareholders:
    Notice of the Tenth Annual General Meeting; and
    Proxy Form for the Tenth Annual General Meeting.
  • The Notice of the Tenth Annual General Meeting, the Company's Annual Report and Consolidated Financial Statements for the year ended 31 December 2022, which has now been published, and the Company's Articles of Incorporation are all available to view on, and download from, the Company's website at www.starwoodeuropeanfinance.com .
  • Questions and answers will be announced on the London Stock Exchange.
  • The Board will ensure that Shareholders are given as much notice as possible of any proposed changes to the format of the Annual General Meeting.

SWEF: Dividend Declaration

Retrieved on: 
Friday, April 21, 2023
MAR, Starwood Capital Group, London, London Stock Exchange, Holding company

Confirms 1.375 pence dividend for Q1 as targeted; equating to a 6.2% annualised dividend yield

Key Points: 
  • Confirms 1.375 pence dividend for Q1 as targeted; equating to a 6.2% annualised dividend yield
    This announcement contains price sensitive information.
  • Starwood European Real Estate Finance Limited (the “Company”) has declared a quarterly dividend in respect of the first quarter of 2023 of 1.375 pence per share as targeted, payable on 26 May 2023 to Shareholders on the register at 5 May 2023.
  • The targeted full year dividend is 5.5 pence per share equating to an annualised dividend yield of 6.2% based on the closing share price on 20 April 2023.
  • The Group's assets are managed by Starwood European Finance Partners Limited, an indirect wholly-owned subsidiary of the Starwood Capital Group.

SWEF: March 2023 NAV

Retrieved on: 
Thursday, April 20, 2023
MAR, NAV, FX, Movement, Financial services

The Operating Income available to distribute also includes any realised foreign exchange gains or losses upon settlement of hedges, except those described in note 4.

Key Points: 
  • The Operating Income available to distribute also includes any realised foreign exchange gains or losses upon settlement of hedges, except those described in note 4.
  • Mismatches between the hedge valuations and the loan investments may occur depending on the shape of the forward FX curve and this causes some movement in the NAV.
  • 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.