REG - Alternative Inc REIT AEW UK REIT PLC - Statement regarding possible offer

Alternative Income REITAnnouncement

Tue 14:30

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RNS Number : 3583B  Alternative Income REIT PLC  21 April 2026

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.

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.

 

 21 April 2026

 

 

 Alternative Income REIT plc

 

("AIRE" or the "Company")

 

Statement regarding possible offer

On 24 March 2026, the Board of AIRE confirmed that it had received an
indicative, non-binding proposal from AEW UK REIT plc ("AEW") relating to a
possible all-share offer for the entire issued and to be issued share capital
of the Company (the "Possible Offer").

In accordance with Rule 2.6(a) of the Code, AEW was required by no later than
5.00 pm (London time) today either to announce a firm intention to make an
offer for AIRE in accordance with Rule 2.7 of the Code or announce that it
does not intend to make an offer for AIRE, in which case the announcement
would be treated as a statement to which Rule 2.8 of the Code applies (the
"PUSU Deadline").

The Board of AIRE has unanimously determined that it is not in the best
interests of AIRE shareholders to seek an extension to the PUSU deadline, and,
consequently, it has terminated all discussions with AEW.

Statement from Simon Bennett, Chair of AIRE:

"The Board is confident in AIRE's ability as a standalone entity to generate a
secure and predictable income return, whilst maintaining capital values, by
investing in UK properties, in alternative & specialist sectors.

AIRE remains on track to deliver its target annual dividend of no less than
5.6 pence per share for the financial year ending 30 June 2026.  All of the
rent due covered from the Group's property portfolio for the first quarter of
this calendar year has been collected and, subject to the continued collection
of rent our dividend will be fully covered.

For the quarter ended 31 March 2026, the portfolio valuation showed a small
decline of £50,000 to £103.45 million and the Board expects to release its
quarterly results for the period ending 31 March 2026 in accordance with its
usual timetable in the week commencing 4 May 2026.

The Board remains confident that following the refinancing of the Company's
debt facilities with HSBC UK Bank plc in October last year and the certainty
as to its financing costs for the next up to 7 years, the Company is
well-positioned for the future, with a portfolio that continues to deliver
secure, index-linked income and which has the potential for capital growth as
the property market recovers."

AIRE confirms that this announcement has been made without the consent of AEW.

For further information please contact:

                                                                   Via AIRE's Company Secretary

 Alternative Income REIT plc
 Simon Bennett - Chair                                             , Hanway Advisory: 0207 409 0181 or by email: Aire.Cosec@jtcgroup.com

 Martley Capital REIM Ltd
 Richard Croft                                                      +44(0) 20 4551 1240

 Jane Blore

 Shore Capital (Financial Adviser)
 Gillian Martin / David Coaten / George Payne / Matthew Walton     +44(0) 207 408 4090

Important notices

The person responsible for the release of this announcement on behalf of the
Company is Simon Bennett.

Shore Capital & Corporate Limited and Shore Capital Stockbrokers Limited
(either individually or collectively "Shore Capital") which are authorised and
regulated by the Financial Conduct Authority in the United Kingdom, are acting
exclusively for AIRE and for no-one else in connection with the subject matter
of this announcement and will not be responsible to anyone other than AIRE,
for providing the protections afforded to clients of Shore Capital, or for
providing advice in relation to the possible offer or any other matter
referred to herein. Neither Shore Capital & Corporate Limited nor Shore
Capital Stockbrokers Limited, nor any of their subsidiaries or 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 Shore Capital in connection with this
announcement, any statement contained herein or otherwise.

This announcement and the information it contains is not intended to, and does
not, constitute or form part of any offer, invitation or the solicitation of
an offer to purchase, otherwise acquire, subscribe for, sell or otherwise
dispose of, any securities whether pursuant to this announcement or otherwise
or the solicitation of any vote in any jurisdiction in contravention of
applicable law.

The release, publication or distribution of this announcement in jurisdictions
outside the United Kingdom may be restricted by law and therefore persons into
whose possession this announcement comes should inform themselves about and
observe such restrictions. Any failure to comply with the restrictions may
constitute a violation of the securities law of any such jurisdiction.

Market Abuse Regulations

The information contained within this announcement is considered to constitute
inside information as stipulated under Article 7 of the Market Abuse
Regulations (EU) No.596/2014 as incorporated into UK domestic law by virtue of
the European Union (Withdrawal) Act 2018, as amended.  Upon the publication
of this announcement via a regulatory information service, this inside
information will be considered to be in the public domain.

Publication on website

 

In accordance with Rule 26.1 of the Code, a copy of this announcement will be
available on the website of AIRE at www.alternativeincomereit.com, subject to
certain restrictions relating to persons resident in restricted jurisdictions,
promptly and by no later than 12 noon (London time) on the business day
following the date of this announcement.  The content of the website referred
to in this announcement is not incorporated into and does not form part of
this announcement.

 

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