Last checked at 1 Dec 2020 09:42
THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION IN THE UNITED STATES OF AMERICA, ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA, CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA.
1 December 2020
Alternative Income REIT PLC (ticker: AIRE)
(the "Company" or "Group")
SHAREHOLDER ENGAGEMENT
In line with its commitment, set out in the announcement of the results of the Annual General Meeting on 26 November 2020, the Board has begun to engage with shareholders on their views following the failure to carry, in particular, the resolution to adopt the proposed revised Investment Policy. Following initial discussions with Glenstone Property PLC ("Glenstone"), which holds 14.73% of the Company's issued share capital following the recent Tender Offer, the Board and its adviser are in further communication with Glenstone in relation to its request for representation on the Board.
Any shareholders wishing to share their views with the Board should contact the Company's Corporate Broker in the first instance.
ENQUIRIES
Alternative Income REIT PLC | |
Steve Smith - Chairman | via Corporate Broker below |
M7 Real Estate Ltd Richard Croft | +44 (0)20 3657 5500 |
Panmure Gordon (UK) Limited (Corporate Broker) | +44 (0)20 7886 2500 |
Alex Collins | Alex.collins@panmure.com |
Tom Scrivens | Tom.scrivens@panmure.com |
Chloe Ponsonby | Chloe.ponsonby@panmure.com |
Maitland/AMO (Communications Adviser) | +44(0) 7747 113 930 |
James Benjamin | james.benjamin@maitland.co.uk |
The Company's LEI is 213800MPBIJS12Q88F71.
Further information on Alternative Income REIT plc is available at www.alternativeincomereit.com1
NOTES
Alternative Income REIT PLC aims to generate a sustainable, secure and attractive income return for shareholders from a diversified portfolio of UK property investments, predominately in alternative and specialist sectors. The majority of the assets in the Group's portfolio are let on long leases which contain inflation linked rent review provisions.
The Company's investment adviser is M7 Real Estate Limited ("M7"). M7 is a leading specialist in the pan-European, regional, multi-tenanted real estate market. Majority owned by its senior managers, it has over 200 employees in 14 countries across Europe. The team manages over 835 properties with a value of circa €5.1 billion.
1 Neither the content of the Company's website, nor the content on any website accessible from hyperlinks on its website or any other website, is incorporated into, or forms part of, this announcement nor, unless previously published on a Regulatory Information Service, should any such content be relied upon in reaching a decision as to whether or not to acquire, continue to hold, or dispose of, securities in the Company.