Industrial Multi Property Trust PLC Revised offer by Hansteen Holdings (3241D)
26 April 2017 - 2:58AM
UK Regulatory
TIDMIMPT TIDMHSTN TIDMARTL
RNS Number : 3241D
Industrial Multi Property Trust PLC
25 April 2017
Industrial Multi Property Trust plc (the "Company")
The Company notes the announcement made today by Hansteen
Holdings PLC ("Hansteen") that it has increased the price payable
in respect of the cash offer for the entire issued ordinary share
capital of the Company to 330 pence for each share (the "Increased
Offer").
The Increased Offer is a revision to the original offer made by
Hansteen (the "Original Offer") and, accordingly, shareholders who
have previously validly accepted the Original Offer will be paid an
additional amount of 30 pence per share and need take no further
action.
The Company notes that the Increased Offer will remain open for
acceptance by shareholders (who have not previously accepted the
Original Offer) for a minimum of 14 days following the date on
which the Increased Offer Document is published.
Hansteen has stated that it intends to vote in favour of the
ordinary resolution being put to the Company's shareholders at the
general meeting convened for 11 May 2017 to cancel trading in the
Company's shares on the Specialist Fund Segment of the London Stock
Exchange's Main Market. Accordingly, this ordinary resolution will
be passed and it is anticipated that the application to cancel the
trading in the shares will be made on or around 11 May 2017.
Therefore, unless shareholders wish to retain their holdings in
what will become an unlisted investment fund with reduced liquidity
and marketability, they should accept the Increased Offer without
delay.
The Company also notes that Alpha Real Trust Limited has agreed
to withdraw its request dated 11 April 2017 to requisition a
further general meeting of the Company.
For further information please contact:
Industrial Multi Property Trust plc
Philip Scales Tel: 01624 681250
Stockdale Securities Limited, Financial Adviser and Broker to
the Company
Robert Finlay Tel: 020 7601 6100
This information is provided by RNS
The company news service from the London Stock Exchange
END
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April 25, 2017 12:58 ET (16:58 GMT)
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