21 Nov 2016 16:15
For immediate release 21 November 2016
LXB Retail Properties Plc
the "Company" or the "Group")
Publication and posting of 2016 Annual Report
and
Further detail on ultimate value expectations
In accordance with Rule 20 of the AIM Rules, the Company confirms that the Annual Report and Accounts for the year ended 30 September 2016 is available to view on the Company's website, www.lxbproperties.com.The Annual Report and Accounts will be posted to shareholders on 2 December 2016.
Two shareholders have requested further clarification on the comment in the Chairman's Statement in the preliminary announcement noting the Board's confidence that the ultimate value realisation will be in excess of the NAV reported as at 30 September 2016 which was 56.7p per share. The Board's policy is that value should be returned to shareholders through cash returns whenever circumstances permit and 18p per share of value was realised with the return of cash on 3 November 2016. Consequently, after reflecting that return of cash, the Board remains confident that ultimate value realisation will be in excess of 38.7p per share.
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