30 Nov 2018 16:03
AXA Property Trust Ltd - NAV Announcement 30 September 2018 and Company UpdateAXA Property Trust Ltd - NAV Announcement 30 September 2018 and Company Update
PR Newswire
London, November 30
30 November 2018
AXA Property Trust Limited
Net Asset Value 30 September 2018 (Unaudited) and Company Update
The Directors are pleased to present the unaudited Net Asset Value of the Company as at 30 September 2018.
FUND NAME | NAV PER SHARE | NET ASSET VALUE (£000s) | NAV DATE |
AXA Property Trust Limited | 45.39 pence | 10,623 | 30 September 2018 |
The unaudited Net Asset Value as at 30 June 2018 was 45.68 pence per share (£10.69 million).
Company Update
The shareholder who voted against the proposals to place the Company into voluntary liquidation at the adjourned EGM held in September 2018, has indicated he wishes new proposals for the future strategy of the Company to be considered by the Board and, in due course, by shareholders. The Directors have requested that he confirms and elaborates on the proposals with further detail, including an expanded version of the proposed new investment policy.
As previously announced, the Board will continue to follow the current managed wind-down strategy until such time as shareholders approve any change. In order to support such a change, the Board will require a proposal which is sufficiently detailed to be shared with all shareholders for consideration and which the Board believes could be in the best interests of the Company and its members as a whole. The Board also remains committed to removing the current listing suspension as soon as possible.
The Company is close to finalising the lease negotiations at the Curno property and a further announcement is expected to be made in December 2018.
Company website:retail.axa-im.co.uk/axa-property-trust
All Enquiries:
Investment Manager AXA Investment Managers UK LimitedBroker Services7 Newgate StreetLondon EC1A 7NXUnited KingdomBrokerStifel Nicolaus Europe Limited150 CheapsideLondon EC2V 6ETUnited KingdomTel: +44 (0)20 7710 7600 Company SecretaryNorthern Trust International FundAdministration Services (Guernsey) LimitedPO Box 255Trafalgar CourtLes BanquesSt Peter PortGuernsey GY1 3QLChannel Islands