19 Feb 2019 16:45
LXB Retail Properties Plc
(the "Company" or the "Group")
Further Return of Cash
LXB Retail Properties Plc, the Jersey resident closed-ended real estate investment company focused on edge of town and out of town retail assets, is pleased to announce that it has now completed the sale of its two remaining investments, the retail units at Sutton and Higher Newham farm in Truro.
Following receipt of these proceeds the Board has approved a further Return of Cash amounting to 3 pence per share (approximately £5.05m). Within the next few days the Company will make an announcement and send a letter to Shareholders, together with an election form, setting out further details of the Return of Cash and the process for making elections under it, in line with the Return of Cash arrangements approved by Shareholders at the Annual General Meeting on 27 February 2018.
For further information please contact:
LXBᵌ Partners LLP Tim Walton, CEO | Tel: 020 7432 7900 |
J.P. Morgan Cazenove (NOMAD) Bronson Albery/Paul Hewlett
| Tel: 020 7742 4000 |
Buchanan Charles Ryland/Henry Wilson | Tel: 020 7466 5000 |