1 Apr 2020 07:00
Urban Exposure plc (UEX) Urban Exposure plc: Update on disposal 01-Apr-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. 1 April 2020 THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION Urban Exposure Plc Update on disposal Urban Exposure plc (the "Company") has received notice of termination from Honeycomb Holdings Limited ("HHL") of the share purchase agreement among the Company, HHL and Urban Exposure Amco Limited ("UE Amco") dated 10 March 2020 for the purchase by HHL of the issued share capital of Urban Exposure Lendco Limited ("UE Lendco" and the "SPA"). The purchase had been scheduled to complete today, 1 April 2020. The Company considers that the termination of the SPA by HHL is without merit and reserves its position to take all measures to enforce its rights under the SPA, including, without limitation, seeking specific performance of HHL's obligation to acquire UE Lendco. Enquiries: Urban Exposure plc Tel: +44(0)207 408 0022 William McKee, Chairman Randeesh Sandhu, Chief Executive Officer Sam Dobbyn, Chief Financial Officer
Jefferies (Financial adviser and Joint Corporate Broker) Tel: +44(0)20 7029 8000 Rishi Bhuchar Ed Matthews James Thomlinson William Brown
Liberum (NOMAD and Joint Corporate Broker) Tel: +44(0)203 100 2000 Neil Patel Gillian Martin Jonathan Wilkes-Green Louis Davies
MHP Communications (Financial Public Relations) Charlie Barker Patrick Hanrahan Sophia Samaras Tel: +44(0)203 128 8540 / +44(0)203 128 8731 UrbanExposure@mhpc.com |
| ISIN: | GB00BFNSQ303 |
| Category Code: | MSCU |
| TIDM: | UEX |
| LEI Code: | 213800Q7WLHGIHUFBT43 |
| Sequence No.: | 55823 |
| EQS News ID: | 1012289 |
| End of Announcement | EQS 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.