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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
6th Oct 20207:00 amRNSTR-1: Notification of major holdings
5th Oct 202012:19 pmRNSTR-1: Notification of major holdings
1st Oct 20207:00 amRNSCompany Update
24th Sep 20205:43 pmEQSUrban Exposure plc: TR-1: Standard form for notification of major holdings
22nd Sep 20207:01 amEQSUrban Exposure plc: Interim Results
21st Sep 20203:51 pmEQSUrban Exposure plc: TR-1: Standard form for notification of major holdings
21st Sep 20208:52 amEQSUrban Exposure plc: TR-1: Standard form for notification of major holdings
10th Sep 20204:42 pmEQSUrban Exposure plc: TR-1: Standard form for notification of major holdings
24th Aug 20209:27 amEQSUrban Exposure plc: TR-1: Standard form for notification of major holdings
12th Aug 20203:25 pmEQSUrban Exposure plc: TR-1: Standard form for notification of major holdings
11th Aug 202011:40 amEQSUrban Exposure plc: TR-1: Standard form for notification of major holdings
29th Jul 202010:41 amEQSUrban Exposure plc: Results of AGM
3rd Jul 202012:32 pmRNSNotice of AGM
2nd Jul 202012:30 pmRNSAppointment of Independent Non-Executive Director
1st Jul 20203:57 pmEQSUrban Exposure plc: TR1 - Standard form for notification of major holdings
30th Jun 20202:32 pmRNSAnnual Report and Accounts
26th Jun 20207:03 amEQSUrban Exposure plc: Financial results for the year ended 31 December 2019
19th Jun 20204:41 pmRNSSecond Price Monitoring Extn
19th Jun 20204:36 pmRNSPrice Monitoring Extension
19th Jun 20202:06 pmRNSSecond Price Monitoring Extn
19th Jun 20202:00 pmRNSPrice Monitoring Extension
19th Jun 20207:00 amRNSCompany update and Board changes
4th Jun 20205:30 pmEQSUrban Exposure plc: TR-1: Standard form for notification of major holdings
2nd Jun 20205:35 pmEQSUrban Exposure plc: TR-1: Standard form for notification of major holdings
29th May 20205:29 pmEQSUrban Exposure plc: TR-1: Standard form for notification of major holdings
28th May 20204:53 pmEQSUrban Exposure plc: TR-1: Standard form for notification of major holdings
27th May 20207:15 amEQSUrban Exposure plc: Notice of Results
15th May 202011:42 amEQSUrban Exposure plc: TR-1: Standard form for notification of major holdings
5th May 20207:04 amEQSUrban Exposure plc: Update on Strategic Review and Related Party Transaction with Urban Exposure Philanthropy Limited
4th May 20204:59 pmEQSUrban Exposure plc: Holdings in Company
29th Apr 20203:33 pmEQSUrban Exposure plc: TR-1: Standard form for notification of major holdings
27th Apr 20204:42 pmRNSSecond Price Monitoring Extn
27th Apr 20204:35 pmRNSPrice Monitoring Extension
24th Apr 20204:41 pmRNSSecond Price Monitoring Extn
24th Apr 20204:36 pmRNSPrice Monitoring Extension
24th Apr 20202:06 pmRNSSecond Price Monitoring Extn
24th Apr 20202:00 pmRNSPrice Monitoring Extension
24th Apr 20209:15 amEQSUrban Exposure plc: Proposal by Wellesley Group Investors Limited
17th Apr 20207:01 amEQSUrban Exposure plc: COVID-19 and Trading Update, Notice of FY 2019 Results
7th Apr 20205:20 pmEQSUrban Exposure plc: TR-1: Standard form for notification of major holdings
7th Apr 20207:00 amEQSUrban Exposure plc: Action against Honeycomb Holdings Limited and connected entities and indefinite postponement of general meeting
6th Apr 202010:20 amEQSUrban Exposure plc: TR-1: Standard form for notification of major holdings
1st Apr 20205:34 pmEQSUrban Exposure plc: TR-1: Standard form for notification of major holdings
1st Apr 20205:29 pmEQSUrban Exposure plc: TR-1: Standard form for notification of major holdings
1st Apr 20207:00 amEQSUrban Exposure plc: Update on disposal
30th Mar 202012:43 pmEQSUrban Exposure plc: Results of general meeting
27th Mar 202011:53 amEQSUrban Exposure plc: TR-1: Standard form for notification of major holdings
26th Mar 202011:05 amRNSSecond Price Monitoring Extn
26th Mar 202011:00 amRNSPrice Monitoring Extension
26th Mar 20208:01 amEQSUrban Exposure plc: Update on proposed disposal and arrangements for general meeting on 30 March 2020

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