28 May 2021 07:00
Yew Grove REIT plc
(the "Company" or "Yew Grove")
First day of dealings on the Main Market
28 May 2021 - Further to previous announcements, Yew Grove REIT plc (LSE:YEW, Euronext: YEW), which owns a diversified portfolio of Irish commercial property assets, is pleased to announce that the entire issued ordinary share capital of Yew Grove (the "Ordinary Shares") will today be admitted to the primary listing segment of the Official List of Euronext Dublin and to trading on the regulated market of Euronext Dublin (the "Main Market") (together "Admission"). Dealings in the Ordinary Shares will commence on the Main Market at 8.00 a.m. on 28 May 2021 and trading in the Ordinary Shares on the Euronext Growth market will be cancelled simultaneously therewith. The Company will retain its quote on the AIM market of the London Stock Exchange.
The Company is not raising any funds or issuing any new Ordinary Shares in connection with Admission. No Ordinary Shares have been offered or marketed to the public in connection with Admission, or the publication of the Prospectus. Following Admission, the Company's Ordinary Shares will continue to be registered with their existing ISIN number of IE00BDT5KP12 and the Company's stock code will continue to be "YEW" on Euronext Dublin and "YEW" on the AIM Market of the London Stock Exchange. On Admission, there will be 124,922,210 ordinary shares in issue. Following Admission, transfers or sales of ordinary shares will be subject to Irish stamp duty. The rate of Irish stamp duty on shares is currently 1% of the higher of the consideration paid and the market value of the shares. Where a charge to Irish stamp duty applies it is generally a liability for the transferee.
The prospectus prepared by the Company in connection with Admission is available for inspection on the Company's website at (www.ygreit.com/prospectus/). Copies of the Prospectus are also available, on request, in printed form at the offices of the Company's solicitors, William Fry, at 6th Floor, 2 Grand Canal Square, Dublin 2, D02 A342, Ireland.
Goodbody Stockbrokers UC is acting as sponsor to the Company in connection with Admission.
For further information contact:
Yew Grove REIT plc | +353 1 485 3950 |
Jonathan Laredo, Chief Executive Officer |
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Charles Peach, Chief Financial Officer |
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Michael Gibbons, Chief Investment Officer |
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Goodbody Stockbrokers UC | +353 1 667 0400 |
Joint Broker & Sponsor |
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David Kearney, John Flynn, Edel O'Reilly, Linda Clarke | |
Liberum Capital Limited |
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Joint Broker & Nomad | +44 20 3100 2000 |
Richard Crawley, Jamie Richards | |
IFC Advisory Limited | +44 203 934 6630 |
Financial PR | yewgrovereit@investor-focus.co.uk |
Tim Metcalfe, Graham Herring |
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Goodbody Stockbrokers UC ("Goodbody") is acting as sponsor under the Euronext Dublin Listing Rules, and joint broker to the Company in connection with Admission. Goodbody is acting exclusively for the Company and no one else in connection with Admission and will not be responsible to any other person for providing the protections afforded to customers of Goodbody or for providing advice in relation to Admission.
This announcement is not an offer of securities for sale or subscription in any jurisdiction. This announcement is not a prospectus (or prospectus equivalent document). Investors should not subscribe for or purchase any shares in the Company based on this announcement. Neither this announcement nor any part of it shall form the basis of or be relied on in connection with or act as an inducement to enter into any contract or commitment whatsoever. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness. The material set forth herein is for information purposes only and should not be construed as an offer of securities for sale in any jurisdiction.