Home REIT PLC Update on Potential Litigation
18 April 2024 - 4:00PM
RNS Regulatory News
RNS Number : 0366L
Home REIT PLC
18 April 2024
NOT
FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART,
DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO
DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR
REGULATIONS OF SUCH JURISDICTION
18 April 2024
Home REIT
plc
("Home
REIT" or the "Company")
Update on
Potential Litigation
The Company has recently issued a
comprehensive response to a pre-action letter of claim received
from Harcus Parker Limited, on behalf of certain
shareholders. The letter of claim alleges
that the Company, along with certain other parties, provided
information to investors which was false, untrue and/or misleading.
The Company intends vigorously to
defend itself in respect of the threatened litigation and has
denied the allegations made against it.
Further, as announced on 5 March
2024, the Company intends to bring legal proceedings against those
parties it considers are responsible for wrongdoing. To that end,
the Company has itself recently issued pre-action letters of claim
to Alvarium Fund Managers (UK) Limited (its
former alternative investment fund manager) and
AlTi RE Limited, its former investment adviser's appointed
representative. The Company intends to issue further pre-action
correspondence in due course.
The Company cannot comment any
further on these issues at this stage as to do so may prejudice the
Company's position in any potential proceedings. Any relevant
announcements in this regard will be made at the appropriate
time.
FOR FURTHER INFORMATION, PLEASE
CONTACT:
FTI Consulting (Communications
Adviser)
Dido Laurimore
Eve Kirmatzis
Oliver Harrison
|
HomeREIT@fticonsulting.com
+44 (0)20
3727 1000
|
The Company's LEI is:
213800A53AOVH3FCGG44.
For more information, please visit
the Company's website: www.homereituk.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact
rns@lseg.com or visit
www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our
Privacy
Policy.
END
MSCSFMFMWELSEDL
Home Reit (LSE:HOME)
Historical Stock Chart
From Apr 2024 to May 2024
Home Reit (LSE:HOME)
Historical Stock Chart
From May 2023 to May 2024