LXB Retail Properties Plc Annual Report Publication (7445P)
22 November 2016 - 3:15AM
UK Regulatory
TIDMLXB
RNS Number : 7445P
LXB Retail Properties Plc
21 November 2016
For immediate release 21 November 2016
LXB Retail Properties Plc
the "Company" or the "Group")
Publication and posting of 2016 Annual Report
and
Further detail on ultimate value expectations
In accordance with Rule 20 of the AIM Rules, the Company
confirms that the Annual Report and Accounts for the year ended 30
September 2016 is available to view on the Company's
website, www.lxbproperties.com.The Annual Report and Accounts
will be posted to shareholders on 2 December 2016.
Two shareholders have requested further clarification on the
comment in the Chairman's Statement in the preliminary announcement
noting the Board's confidence that the ultimate value realisation
will be in excess of the NAV reported as at 30 September 2016 which
was 56.7p per share. The Board's policy is that value should be
returned to shareholders through cash returns whenever
circumstances permit and 18p per share of value was realised with
the return of cash on 3 November 2016. Consequently, after
reflecting that return of cash, the Board remains confident that
ultimate value realisation will be in excess of 38.7p per
share.
For further information please contact:
LXB Adviser LLP Tel: 020 7432 7900
Tim Walton, CEO
Brendan O'Grady, FD
J.P. Morgan Cazenove (NOMAD) Tel: 020 7742 4000
Bronson Albery/Paul Hewlett
Buchanan Tel: 020 7466 5000
Charles Ryland/Victoria Hayns/Patrick Hanrahan
This information is provided by RNS
The company news service from the London Stock Exchange
END
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