1 Mar 2021 07:00
Yew Grove REIT plc
(the "Company" or "Yew Grove ")
YEW GROVE CONSENTS TO THE MIGRATION OF ORDINARY SHARES TO EUROCLEAR BANK'S CENTRAL SECURITIES DEPOSITORY
Yew Grove REIT plc (LSE:YEW, Euronext:YEW), which owns a diversified portfolio of Irish commercial property assets, announces that, further to the approval of Resolution 1 at the extraordinary general meeting on 4 February 2021 ("EGM"), the board of directors of the Company has approved the Company giving its consent to the Migration of the Migrating Shares to Euroclear Bank's central securities depository in accordance with the Migration of Participating Securities Act 2019. The requisite notifications in connection with the Migration have also been made by the Company to the Irish Companies Registration Office and Euronext Dublin.
The Migration will take place as part of the wider Market Migration, which will occur on the date determined by Euronext Dublin and which is currently expected to be on or around 15 March 2021.
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 & Euronext Growth Advisor |
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David Kearney, John Flynn, Edel O'Reilly, Ronan Bransfield | |
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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Forward-looking Statements
Certain information contained in this announcement may constitute forward looking information. This information relates to future events or occurrences or the Company's future performance. All information other than information of historical fact is forward looking information. The use of any of the words "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "should", "believe", "predict" and "potential" and similar expressions are intended to identify forward looking information. This information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. No assurance can be given that this information will prove to be correct and such forward looking information included in this announcement should not be relied upon. Forward-looking information speaks only as of the date of this announcement. The forward-looking information included in this announcement is expressly qualified by this cautionary statement and is made as of the date of this announcement. The Company and its group does not undertake any obligation to publicly update or revise any forward-looking information except as required by applicable securities laws.
Notes to editors
Yew Grove REIT plc, quoted on the London Stock Exchange's AIM market and on the Euronext Growth Market in Dublin, is an Irish commercial real estate company invested in a diversified portfolio of Irish commercial property. Yew Grove has a particular focus on well-tenanted commercial real estate assets comprising of office and industrial assets outside of Dublin's Central Business District.
Yew Grove's highly experienced team has a proven track record in commercial property investment and asset management in Ireland and internationally and is focused on delivering results. Its investment approach is strategic, not speculative, principally on assets that are let, pre-let or to be let after refurbishment. Shareholders are provided with stable, long-term income from a diverse portfolio of commercial property comprising well-tenanted real estate in strategic centres let to Irish government entities and other state bodies, IDA Ireland supported and other FDI companies, and larger corporates.