YEW.L Regulatory News (YEW)

8 January 2021

Yew Grove REIT plc

(the "Company" or "Yew Grove")

Notice of EGM

Yew Grove REIT plc, the AIM and Euronext Growth listed regional Irish commercial property investor, announces that a circular to shareholders and a notice convening an Extraordinary General Meeting of the Company (the "EGM") are today being sent to shareholders. The circular to shareholders and the notice of EGM are available for inspection on the Company's website: 

http://www.ygreit.com/shareholder-meetings/ 

Yew Grove's EGM will be held at 10.00am on 4 February 2021 at the offices of William Fry, 2 Grand Canal Square, Dublin 2, Ireland.

The EGM is being convened to seek the approval of shareholders to certain resolutions which are intended to facilitate the migration of the Company's ordinary shares from the CREST System to the central securities depository ("CSD") system operated by Euroclear Bank SA/NV, an international CSD incorporated in Belgium, following the withdrawal of the UK from the EU and to make subsequent changes to the Company's Articles of Association (the "Resolutions").

The approval of the Resolutions is necessary to ensure the continuation of electronic settlement of the Company's ordinary shares when traded on Euronext Growth and AIM and to remain eligible for continued admission to trading on those exchanges, which is essential to the interests of the Company and its shareholders. 

The Board strongly urges shareholders to consider the contents of the circular in its entirety, including the documents referred to therein, and to consider the Board's recommendation to vote in favour of the proposed Resolutions.

COVID-19 Guidelines

Yew Grove REIT considers the well-being of shareholders, employees and attendees a top priority. Based on the latest available guidance from the Health Service Executive ("HSE") in Ireland, we expect the EGM to proceed on 4 February 2021, but under very constrained circumstances.

In line with the measures advised by the HSE and Irish Government recommendations on public gatherings, we plan to put in place a number of measures to minimise the risk of spreading the Coronavirus (COVID-19) at the EGM and we encourage all shareholders, on this occasion, to complete and return their Proxy Forms as soon as possible, to ensure that their vote is registered at the EGM and to minimise the need to attend in these unprecedented circumstances.

Given the severity of the circumstances and the health risks involved, the Directors will take all appropriate safety measures to ensure the safety of any attendees and others involved in the EGM, including restricting attendance at the EGM, should it be deemed necessary to do so.

Updates

The Board encourages shareholders to check Regulatory Information Services and the Company's website www.ygreit.ie for any updates in relation to the EGM. Shareholders are also encouraged to keep up-to-date with Government announcements and to follow HSE/World Health Organisation guidance.

Enquiries:

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.