Email Facebook Twitter

Angus Energy announces transformational joint venture with Cuadrilla & Lucas Energy
Aim-listed Mongolian explorer Petro Matad to drill four wells in 2018

Regulatory News

Trading Update

Fri, 6th Oct 2017 10:15

RNS Number : 9369S
LXB Retail Properties Plc
06 October 2017


6 October 2017







(the "Company" or the "Group")


Trading Update


LXB Retail Properties Plc, the Jersey resident closed-ended real estate investment company focused on edge of town and out of town retail assets, provides an update on current trading.


On 14 June 2017 the Board stated that it had no reason to believe that in excess of the NAV of 38.7p per share was an unrealistic aim. However, subsequent progress at Stafford Riverside and Rushden Lakes has been disappointing as a result of a softening in both the lettings and investment market and most recently in consequence of potential serious cost over-runs in connection with the highways works at Rushden. The Board's expectation of NAV is now below previous guidance.


A further update will be provided within 14 days when the Board expects to be in a position to provide a more detailed assessment of the likely impact on NAV, but the current expectation is that a range of 30 to 35p is more realistic.


For further information please contact:


LXB Adviser LLP                                                                                     Tel: 020 7432 7900

Tim Walton, CEO
Brendan O'Grady, FD


J.P. Morgan Cazenove (NOMAD)                                                   Tel: 020 7742 4000

Bronson Albery/Paul Hewlett


Buchanan                                                                                                   Tel: 020 7466 5000

Charles Ryland/Victoria Hayns/Patrick Hanrahan


This information is provided by RNS
The company news service from the London Stock Exchange

Back to Regulatory News

Share Price, Share Chat, Stock Market news at
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at

Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.