LXB Retail Properties Plc Further Return of Cash (5260Q)
20 February 2019 - 3:45AM
UK Regulatory
TIDMLXB
RNS Number : 5260Q
LXB Retail Properties Plc
19 February 2019
LXB Retail Properties Plc
(the "Company" or the "Group")
Further Return of Cash
LXB Retail Properties Plc, the Jersey resident closed-ended real
estate investment company focused on edge of town and out of town
retail assets, is pleased to announce that it has now completed the
sale of its two remaining investments, the retail units at Sutton
and Higher Newham farm in Truro.
Following receipt of these proceeds the Board has approved a
further Return of Cash amounting to 3 pence per share
(approximately GBP5.05m). Within the next few days the Company will
make an announcement and send a letter to Shareholders, together
with an election form, setting out further details of the Return of
Cash and the process for making elections under it, in line with
the Return of Cash arrangements approved by Shareholders at the
Annual General Meeting on 27 February 2018.
For further information please contact:
LXB Partners LLP Tel: 020 7432 7900
Tim Walton, CEO
J.P. Morgan Cazenove (NOMAD) Tel: 020 7742 4000
Bronson Albery/Paul Hewlett
Buchanan Tel: 020 7466 5000
Charles Ryland/Henry Wilson
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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.
END
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