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Urban Exposure plc: Statement Regarding Potential Disposal and Net Asset Value

6 Mar 2020 07:01

Urban Exposure plc (UEX) Urban Exposure plc: Statement Regarding Potential Disposal and Net Asset Value 06-March-2020 / 07:00 GMT/BST Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.


6 March 2020

THIS ANNOUNCEMENT INCLUDES INSIDE INFORMATION

Urban Exposure Plc

("Urban Exposure" or the "Company")

Statement Regarding Potential Disposal and Net Asset Value

On 4 March 2020, Urban Exposure announced that it is in exclusive discussions with Pollen Street Capital ("PSC") regarding the potential disposal of its loan book and thereafter, a connected sale of the Company's asset management business (the "Potential Transactions").

These discussions are continuing and the Company hopes to be in a position to make a further announcement regarding the Potential Transactions in the near future.

Additionally, Urban Exposure is updating the market as to its latest unaudited TNAV as at 31 December 2019 of £131.7m, equivalent to 82.7 pence per share.

Enquiries: 

Urban Exposure Plc

Randeesh Sandhu, CEO

Sam Dobbyn, CFO

+44 (0) 207 408 0022

Jefferies International Limited (Financial Adviser and Joint Corporate Broker)

Rishi Bhuchar

Ed Matthews

James Thomlinson

William Brown

+44 (0) 20 7548 4576

 

 

Liberum Capital Limited (Nominated Adviser and Joint Corporate Broker)

Neil Patel

Gillian Martin

+44 (0) 20 3100 2222

MHP Communications (Financial Public Relations)

Charlie Barker

Patrick Hanrahan

Sophia Samaras

UrbanExposure@mhpc.com

 

Camarco (PR adviser to Pollen Street Capital) 

Ed Gascoigne-Pees / Jennifer Renwick

+44 (0)20 3757 4984

ed.gascoigne-pees@camarco.co.uk

 

+44 (0) 20 3128 8100

 

- END -

 


ISIN:GB00BFNSQ303
Category Code:MSCH
TIDM:UEX
LEI Code:213800Q7WLHGIHUFBT43
Sequence No.:50829
EQS News ID:991141
 
End of AnnouncementEQS News Service

UK Regulatory announcement transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

Date   Source Headline
23rd Jun 20217:00 amRNSCancellation - Urban Exposure plc
22nd Jun 20215:30 pmRNSUrban Exposure
22nd Jun 202111:17 amRNSResult of General Meeting and Cancellation on AIM
22nd Jun 20217:30 amRNSSuspension - Urban Exposure plc
16th Jun 20214:18 pmRNSArrangements for General Meeting on 22 June 2021
10th Jun 20216:35 pmRNSTR-1: Notification of major holdings
10th Jun 202112:56 pmRNSTR-1: Notification of major holdings
8th Jun 20214:25 pmRNSTR-1: Notification of major holdings
8th Jun 20214:17 pmRNSTR-1: Notification of major holdings
21st May 20217:00 amRNSCancellation on AIM and Notice of General Meeting
11th May 20217:00 amRNSVesting of staff share options
20th Apr 20217:00 amRNSTrading Update
13th Apr 20217:00 amRNSHolding(s) in Company
17th Feb 20213:38 pmRNSHolding(s) in Company
11th Jan 20213:23 pmRNSTR-1: Notification of major holdings
11th Jan 20213:13 pmRNSTR-1: Notification of major holdings
5th Jan 20219:28 amRNSHolding(s) in Company
4th Jan 20214:28 pmRNSTR-1: Notification of major holdings
4th Jan 20214:28 pmRNSTR-1: Notification of major holdings
4th Jan 20211:38 pmRNSTR1: Notification of major shareholding
31st Dec 202011:00 amRNSTR-1: Notification of major holdings
30th Dec 20204:39 pmRNSTR-1: Notification of major holdings
30th Dec 20203:25 pmRNSTR-1: Notification of major holdings
29th Dec 20202:42 pmRNSTR-1: Notification of major holdings
29th Dec 202011:56 amRNSTR-1: Notification of major holdings
29th Dec 202011:51 amRNSTR-1: Notification of major holdings
24th Dec 202012:32 pmRNSTR-1: Notification of major holdings
23rd Dec 20204:16 pmRNSHolding(s) in Company
23rd Dec 20201:14 pmRNSCompletion of Tender Offer and total voting rights
22nd Dec 20205:47 pmRNSPDMR Dealing – cancellation of share options
18th Dec 202012:38 pmRNSResults of Tender Offer and General Meeting
14th Dec 20205:00 pmRNSTR-1: Notification of major holdings
2nd Dec 20203:46 pmRNSTR-1: Notification of major holdings
1st Dec 20201:27 pmRNSTR-1: Notification of major holdings
30th Nov 20207:00 amRNSTender Offer - Publication of Circular
27th Nov 20204:45 pmRNSTR-1: Notification of major holdings
26th Nov 20205:40 pmRNSSale of Treasury Shares and PDMR Dealing
26th Nov 20202:37 pmRNSTR-1: Notification of major holdings
26th Nov 202010:15 amRNSTR-1: Notification of major holdings
24th Nov 202012:45 pmRNSProposed Tender Offer
10th Nov 20209:55 amRNSTR-1: Notification of major holdings
9th Nov 20201:48 pmRNSTR-1: Notification of Major Holdings
23rd Oct 20202:54 pmRNSNotification of Major Holdings
22nd Oct 202010:25 amRNSTR-1: Notification of major holdings
21st Oct 20204:38 pmRNSCompany Update
19th Oct 20209:49 amRNSTR-1: Notification of major holdings
16th Oct 20203:10 pmRNSTR-1: Notification of major holdings
13th Oct 20204:27 pmRNSTR-1: Notification of major holdings
12th Oct 20208:29 amRNSTR-1: Notification of major holdings
8th Oct 20208:35 amRNSTR-1: Notification of major holdings

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