LONDON (Alliance News) - Secure Income REIT PLC on Tuesday said it continues to be in discussions with certain major shareholders on how best to widen the company's shareholder base.
The investment trust said the shareholders are considering a potential sale of all or part of their shareholdings and it is "actively engaged" in assisting them with this process.
"The board is supportive of this initiative and believes a broader shareholder base would help to create more liquidity in the company's shares, ensure that the company is better placed and has more flexibility to expand at the appropriate time, whilst enabling it to continue to qualify under UK REIT rules," Secure Income said in a statement.
Shares in Secure Income were untraded on Tuesday, last quoted at 250.00 pence.
By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews
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