APT Axa Property Trust Limited

 
TIDMAPT 
 
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    NET ASSET VALUE (GBP         NAV DATE 
                               SHARE            000s) 
 
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 (GBP 
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 Limited 
Broker Services 
7 Newgate Street 
London EC1A 7NX 
United Kingdom 
 
Broker 
Stifel Nicolaus Europe Limited 
150 Cheapside 
London EC2V 6ET 
United Kingdom 
Tel: +44 (0)20 7710 7600 
 
Company Secretary 
Northern Trust International Fund 
Administration Services (Guernsey) Limited 
PO Box 255 
Trafalgar Court 
Les Banques 
St Peter Port 
Guernsey GY1 3QL 
Channel Islands 
 
 
 
 
END 
 

(END) Dow Jones Newswires

November 30, 2018 11:03 ET (16:03 GMT)

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