26 Jul 2018 14:21
26 July 2018
Hansteen Holdings PLC
("Hansteen" or the "Company")
Potential disposal
Hansteen (LSE: HSTN), the industrial property investor, notes the announcement released by Warehouse REIT plc ("Warehouse REIT") today and confirms it is in discussions with Warehouse REIT regarding the potential disposal by Hansteen of a portfolio of industrial property assets located in the UK to Warehouse REIT.
Hansteen notes that Warehouse REIT has confirmed that the acquisition of the portfolio could constitute a reverse takeover for Warehouse REIT under the AIM Rules for Companies. However, the disposal of the portfolio will not involve a takeover of Hansteen, or the sale of any shares in Hansteen to Warehouse REIT.
There can be no certainty that a transaction will be concluded and a further announcement, as appropriate, will be made as soon as practicable. If agreed, the disposal would be subject to the approval of Hansteen's shareholders at a General Meeting.
Enquiries:
Hansteen Holdings PLC Ian Watson Morgan Jones
| Tel: +44 (0) 20 7408 7000 |
Tavistock Jeremy Carey Kirsty Allan | Tel: +44 (0) 20 7920 3150
|
Important notices
This announcement contains inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014. Upon the publication of this announcement this inside information is now considered to be in the public domain.