Yew Grove REIT PLC Publication of Prospectus (7807Z)
26 May 2021 - 12:37AM
UK Regulatory
TIDMYEW
RNS Number : 7807Z
Yew Grove REIT PLC
25 May 2021
Yew Grove REIT plc
(the "Company" or "Yew Grove")
Publication of Prospectus, cancellation of trading on Euronext
Growth and Admission to trading on the Main Market
25 May 2021 - Yew Grove REIT plc (LSE:YEW, Euronext: YEW), which
owns a diversified portfolio of Irish commercial property assets,
is pleased to announce the publication of a prospectus (the
"Prospectus") in connection with the listing of its entire issued
ordinary share capital (the "Ordinary Shares") on the primary
listing segment of the Official List of Euronext Dublin and
admission to trading on the regulated market of Euronext Dublin
(the "Main Market") (together "Admission").
It is expected that Admission will become effective, and that
unconditional dealings in the Ordinary Shares on the Main Market
will commence at 8.00 a.m. on 28 May 2021. Shortly before
Admission, the trading of the Ordinary Shares on the Euronext
Growth market will be cancelled. The Company will retain its quote
on the AIM market of the London Stock Exchange.
The Company is not raising any funds or issuing any new Ordinary
Shares in connection with Admission. No Ordinary Shares have been
offered or marketed to the public in connection with Admission, or
the publication of the Prospectus. Following Admission, the
Company's Ordinary Shares will continue to be registered with their
existing ISIN number of IE00BDT5KP12 and the Company's stock code
will continue to be "YEW" on Euronext Dublin and "YEW" on the AIM
Market of the London Stock Exchange. On Admission, there will be
124,922,210 ordinary shares in issue. Following Admission,
transfers or sales of ordinary shares will be subject to Irish
stamp duty. The rate of Irish stamp duty on shares is currently 1%
of the higher of the consideration paid, or the market value of the
shares. Where a charge to Irish stamp duty applies it is generally
a liability for the transferee.
The Prospectus has been approved by the Central Bank of Ireland,
is available for inspection on the Company's website at
(www.ygreit.com/prospectus/). Copies of the Prospectus will also be
available, on request, in printed form at the offices of the
Company's solicitors, William Fry, at 6th Floor, 2 Grand Canal
Square, Dublin 2, D02 A342, Ireland.
Goodbody Stockbrokers UC is acting as sponsor to the Company in
connection with Admission.
For further information contact:
Yew Grove REIT plc +353 1 485 3950
Jonathan Laredo, Chief Executive
Officer
Charles Peach, Chief Financial
Officer
Michael Gibbons, Chief Investment
Officer
Goodbody Stockbrokers UC +353 1 667 0400
Joint Broker & Euronext Growth
Advisor
David Kearney, John Flynn, Edel O'Reilly, Linda Clarke
Liberum Capital Limited
Joint Broker & Nomad +44 20 3100 2000
Richard Crawley, Jamie Richards
IFC Advisory Limited +44 203 934 6630
Financial PR yewgrovereit@investor-focus.co.uk
Tim Metcalfe, Graham Herring
Goodbody Stockbrokers UC ("Goodbody") is acting as sponsor under
the Euronext Dublin Listing Rules, and joint broker to the Company
in connection with Admission. Goodbody is acting exclusively for
the Company and no one else in connection with Admission and will
not be responsible to any other person for providing the
protections afforded to customers of Goodbody or for providing
advice in relation to Admission.
This announcement is not an offer of securities for sale or
subscription in any jurisdiction. This announcement is not a
prospectus (or prospectus equivalent document). Investors should
not subscribe for or purchase any shares in the Company based on
this announcement. Neither this announcement nor any part of it
shall form the basis of or be relied on in connection with or act
as an inducement to enter into any contract or commitment
whatsoever. No reliance may be placed for any purpose on the
information contained in this announcement or its accuracy or
completeness. The material set forth herein is for information
purposes only and should not be construed as an offer of securities
for sale in any jurisdiction.
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END
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