Terrace Hill Group plc is engaged in property investment, development and trading. The Company operates in two segments: commercial property development, and commercial and residential property investment. As of September 31, 2011, the Company had eight committed projects, four of which have planning consent or a resolution to grant planning consent. During the fiscal year ended September 31, 2011 (fiscal 2011), the Company sold its multi-let Wilton Road, Victoria, office building and also a 38,500 square foot office in Middlehaven, let to the Middlesbrough Primary Care Trust. As of September 31, 2011, the Company was developing a site on Conduit Street, W1, with Aerium Finance and Howick Place, Victoria, with Doughty Hanson. On February 13, 2012, the Company completed the sale of a residential portfolio within Terrace Hill Residential PLC, its 49% owned associate, to Swedish property group Akelius


http://www.terracehill.co.uk/home/

Results of Placing

RNS


RNS Number : 7094F

Terrace Hill Group PLC

28 April 2014

THIS ANNOUNCEMENT IS AN ADVERTISEMENT AND NOT A PROSPECTUS AND INVESTORS SHOULD NOT SUBSCRIBE FOR OR PURCHASE ANY SECURITIES REFERRED TO IN THIS ANNOUNCEMENT EXCEPT ON THE BASIS OF INFORMATION CONTAINED IN THE PROSPECTUS.

This announcement is for information purposes only and shall not constitute an offer to sell or issue or the solicitation of an offer to buy, subscribe for or otherwise acquire any new ordinary shares of Terrace Hill Group plc in any jurisdiction in which any such offer or solicitation would be unlawful.





28 April 2014



Terrace Hill Group plc (the "Company")

(to be re-named Urban&Civic plc)





Results of Placing to raise £170 million through a placing of 75,555,556 Placing Shares at 225 pence per Share





On 28 April 2014, the Company issued a prospectus (the "Prospectus") relating to its proposed acquisition of Urban&Civic Holdings S.a.r.l ("Urban&Civic"), proposed placing to raise gross proceeds of £170 million and proposed admission to the standard listing segment of the Official List and to trading on the London Stock Exchange's Main Market for listed securities.



The Company today announces that 75,555,556 new Ordinary Shares will be issued pursuant to the Placing raising gross proceeds of £170m.

The Placing is conditional on, among other things, the passing of the Resolution at the General Meeting to be held at 9.00am on 14 May 2014.

Application will be made for the Enlarged Share Capital to be admitted to the standard listing segment of the Official List of the Financial Conduct Authority and to trading on the Main Market of the London Stock Exchange ("Admission"). It is expected that Admission will become effective and dealings in the Ordinary Shares will commence at 8.00 a.m. on 22 May 2014. Following Admission the Ordinary Shares will trade under the ticker symbol UANC (ISIN: GB00BKT04W07).



Nigel Hugill , Executive Chairman of Urban&Civic commented: "I would like to thank all those that applied for stock and contributed to our being substantially over subscribed. We took the decision early to raise only what we thought we could invest quickly and resisted the temptation to increase the size of the issue when it became clear that we would enjoy strong support. People evidently have long memories and we will start with a gratifying spread of predominantly sector specialist investors. We shall do everything that we can to deliver on the resulting expectations."