REG - AEW UK LongLeaseREIT - Notice Served on Manager and Strategic Review

Alternative Income REITAnnouncement

10/04/2019 10:05

RNS Number : 7536V
AEW UK Long Lease REIT PLC
10 April 2019
 


AEW UK Long Lease REIT plc ("AEWL" or "the Group")
LEI: 213800MPBIJS12Q88F71
 
 
 
10 April 2019
 
In view of the sub-scale size of the Group, its performance since IPO, and the recent news in respect of Meridian Metal Trading Limited, the Board is reviewing the options for the future of AEWL.
 
The Board will seek to achieve value for shareholders either by expanding the Group's equity and asset base to achieve full dividend cover, considering offers from interested parties, or by selling the Group's portfolio and returning funds to shareholders.
 
To ensure that all options can be considered, the Board has today served protective notice of termination of the investment management agreement with AEW UK Investment Management LLP (which will expire on 9th April 2020).  Ultimately, after all options have been considered, the Board may decide to continue to pursue the Group's existing strategy with AEW UK Investment Management LLP.
 
Further announcements will be made in due course.
 
This announcement contains Inside Information as defined under the Market Abuse Regulation (EU) No. 596/2014.
 
For further information, please contact:
AEW UK Long Lease REIT plc
Steve Smith, Chairman                    +44 (0)7787 238 223
 
Cenkos Securities plc
Sapna Shah                                        +44 (0)20 7397 1922
Tom Scrivens                                     +44 (0)20 7397 1915
 
 




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