REG-abrdn Property Income Trust Limited: Response to press speculation

abrdn Property Income TrustAnnouncement

25/09/2024 15:30

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE
A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

 

FOR IMMEDIATE RELEASE

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

 

25 September 2024

 

 

abrdn Property Income Trust Limited

(an authorised closed-ended investment company incorporated in Guernsey with
registration number 41352)

LEI Number: 549300HHFBWZRKC7RW84

 

RESPONSE TO PRESS SPECULATION

(the “Transaction”)

 

abrdn Property Income Trust Limited (“API” or the “Company”) notes the
recent press speculation and confirms that it is in advanced discussions with
funds managed by GoldenTree Asset Management LP for the sale of the entire
share capital of abrdn Property Holdings Limited (“APH”), a wholly-owned
subsidiary of API.

 

Any sale would involve the disposal of the Company’s entire investment
property portfolio, with the exception of its interest in the land at Far
Ralia.

 

There can be no certainty that any binding sale agreement will be entered
into, nor as to the terms on which any transaction may occur. API has not
received any offer in respect of the issued share capital of API.

 

A further announcement will be made when appropriate.

 

 

Enquiries

 

abrdn Property Income
Trust                          

James Clifton-Brown (Chair)     via Winterflood

Jason Baggaley (Fund Manager)   +44 7801 039 463

Mark Blyth (Deputy Fund Manager)    +44 7703 695 490          

Winterflood (Corporate Broker to API)

Neil Langford         +44 20 3100 0160         

 

 

 

Important notices

 

Winterflood Securities Limited ("Winterflood"), which is authorised and
regulated by the Financial Conduct Authority in the United Kingdom, is acting
exclusively for API and no-one else in connection with the matters set out in
this document and will not be responsible to anyone other than API for
providing the protections afforded to customers of Winterflood or for
providing advice in relation to the matters set out in this document. Neither
Winterflood nor any of its affiliates owes or accepts any duty, liability or
responsibility whatsoever (whether direct or indirect, whether in contract, in
tort, under statute or otherwise) to any person who is not a client of
Winterflood in connection with this document, any statement contained herein
or otherwise.

 



Copyright (c) 2024 PR Newswire Association,LLC. All Rights Reserved