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29 Sep 2025 07:00
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES, CANADA, JAPAN, NEW ZEALAND OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO MAY RESULT IN THE CONTRAVENTION OF ANY REGISTRATION OR OTHER LEGAL REQUIREMENT OF SUCH JURISDICTION
For immediate release
29 September 2025
Value and Indexed Property Income Trust PLC (the "Company")
Legal Entity Identifier: 213800CU1PIC7GAER820
TENDER OFFER, MIX AND MATCH FACILITY AND TREASURY ISSUANCE RESULTS
The Company is pleased to announce that 1,666,142 Shares were validly tendered under the Tender Offer and 170,811 Shares were applied for under the Mix and Match Facility.
Tenders will therefore be accepted in full from Shareholders who validly tendered their Basic Entitlement or any number of Shares less than their Basic Entitlement.
The 1,495,331 Shares validly tendered but not matched under the Mix and Match Facility will be purchased by Shore Capital at the Tender Price of 204 pence per Share. This represents approximately 3.28 per cent. of the issued share capital of the Company as at the Record Date.
Under the terms of the Repurchase Agreement, these tendered Shares will be purchased by the Company from Shore Capital at the Tender Price, for a total price of approximately £3,050,475.24 and the sale and purchase will complete at 8.00 a.m. on 8 October 2025. The Shares purchased by the Company pursuant to the Repurchase Agreement will be held in Treasury.
As set out in the Circular, it is anticipated that the proceeds payable to Shareholders whose tendered Shares are held through CREST accounts will be made by 8 October 2025 and that cheques for the certificated Shares purchased under the Tender Offer will be despatched during the week commencing 15 October 2025.
Balance certificates in respect of the Tender Offer and new certificates in respect of the Mix and Match Facility will be despatched in respect of certificated Shares during the week commencing 15 October 2025.
Total Voting Rights
Following the completion of the Tender Offer and the Mix and Match Facility, the Company will have a total of 45,549,975 Shares in issue of which 5,032,270 Shares are held in Treasury. Therefore, the total number of voting rights in the Company will be 40,517,705 and this figure may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
Defined terms used in this announcement have the meanings given in the Circular unless the context otherwise requires
For further information please contact:
Maven Capital Partners UK LLP | Tel: +44 (0) 141 306 7400 |
Company Secretary | |
Mandy Kelly | |
Dickson Minto Advisers LLP | Tel: +44 (0) 20 7649 6933 |
Financial Adviser | |
Fiona Thompson | |
Shore Capital | Tel: +44 (0) 20 7408 4050 |
Corporate Broker | |
Gillian Martin and Anita Ghanekar (Corporate Advisory) | |
Fiona Conroy (Corporate Broking) |
This announcement is released by the Company and the information contained within this announcement is deemed by the Company to constitute inside information for the purposes of Article 7 of the UK version of the EU Market Abuse Regulation (Regulation (EU) No.596/2014) which forms part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended. Upon the publication of this announcement via a Regulatory Information Service, such information is now considered to be in the public domain.
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