TIDMYEW

RNS Number : 2969F

Yew Grove REIT PLC

11 July 2019

11 July 2019

Yew Grove REIT plc

(the "Company" or "Yew Grove")

Revolving Loan Facility Increase

Yew Grove REIT plc (LSE:YEW, Euronext:YEW), which owns a diversified portfolio of Irish commercial property assets, is pleased to announce that it has agreed a EUR9.12 million increase to its three year floating rate loan facility (the "Facility") with Allied Irish Banks, p.l.c. ("AIB") based upon a margin over -three month Euribor. The Facility is in place until December 2021 and is secured on certain of Yew Grove's properties. This increase brings the total Facility to EUR29.1 million, of which EUR22.8 million has been drawn as at the date of this announcement.

As noted in the Company's investment policy, the Facility will be used to part finance the Company's acquisition of future properties and to enhance investment returns, including dividends to shareholders.

Enquiries:

 
 Yew Grove REIT plc                                  Tel: 353 (1) 480 3960 
 Jonathan Laredo, Chief Executive Officer 
 Michael Gibbons, Chief Investment Officer 
 Charles Peach, Chief Financial Officer 
 
 Investec Bank plc 
 NOMAD & Joint Broker:                               Tel: +44 (0) 20 7597 
  David Anderson, Darren Vickers                      5970 
 ESM Advisor & Joint Broker:                         Tel: +353 (1) 421 
  Tommy Conway, Eoin Kennedy                          0000 
 Goodbody Stockbrokers 
 Joint Broker:                                       Tel +353 (1) 667 0400 
  David Kearney, Joe Gill 
 
 IFC Advisory                                        Tel +44 (0) 203 934 
  Financial PR                                        6634 
  Tim Metcalfe, Graham Herring, Heather 
  Armstrong

Notes to editors:

Yew Grove REIT plc, quoted on the London Stock Exchange's AIM and Euronext Dublin, is an Irish commercial real estate company invested in a diversified portfolio of Irish commercial property. Yew Grove has a particular focus on well-tenanted commercial real estate assets comprising of office and industrial assets outside of Dublin's Central Business District.

Yew Grove's highly experienced team has a proven track record in commercial property investment in Ireland and internationally, and is focused on delivering results. Its investment approach is strategic, not speculative, principally on assets that are let, pre-let or to be let after refurbishment. Shareholders are provided with stable, long-term income from a diverse portfolio of commercial property comprising well-tenanted real estate in strategic centres let to Irish government entities and other state bodies, IDA Ireland supported and other FDI companies, and larger corporates.

ENDS

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END

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July 11, 2019 12:07 ET (16:07 GMT)

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