Regulatory Retail Status and Personal Tax Status of RGL Shares
as at 1st January 2017
'Non-Mainstream Pooled Investment' (“NMPI”)
RGL is not a 'non-mainstream pooled investment' – there is a
specific exemption for REITs. Non- NMPI shares are able to be promoted to
retail clients.
ISA, SSAS and SIPP
Ordinary Shares acquired by a UK
resident individual in the secondary market (but not the original Placing) should be eligible to be held in an
Individual Savings Account (“ISA”), subject to applicable annual subscription
limits. Investments held in ISAs will be free of both UK income tax and capital
gains tax. Individuals wishing to invest in shares through an ISA should
contact their professional advisers regarding their eligibility.
Subject to the rules of the
trustees of the relevant scheme, the Ordinary Shares should generally be
eligible for inclusion in a small self-administered scheme (“SSAS”) or
self-invested personal pension (“SIPP”) provided: (a) no member of the SSAS or
SIPP (or person connected with such a member) occupies or uses any residential
property held by the Group; and (b) the SSAS or SIPP, alone or together with
one or more associated persons, does not directly or indirectly hold 10 per
cent. or more of any of the Ordinary Shares, voting rights in the Company,
rights to income of the Company, rights to amounts on a distribution of the
Company or rights to assets on a winding up of the Company.