Brief: Balanced Commercial Property Trust Announces Strategic Review & Sale Process
15/04/2024 07:59
April 15 (Reuters) - Balanced Commercial Property Trust
Ltd BCPT.L :
* BALANCED COMMERCIAL PROPERTY TRUST LTD: STRATEGIC REVIEW
AND
COMMENCEMENT OF FORMAL SALE PROCESS AND OFFER PERIOD
* COMPANY IS NOT IN DISCUSSIONS WITH ANY POTENTIAL OFFEROR
AT TIME
OF THIS ANNOUNCEMENT.
* WOULD BE IN BEST INTERESTS OF SHAREHOLDERS THAT IT
FORMALISE
DELIBERATIONS INTO A STRATEGIC REVIEW PROCESS
* OUTCOME OF STRATEGIC REVIEW IS EXPECTED TO BE ANNOUNCED IN
Q3
2024
* TO CONSIDER ALL OPTIONS INCLUDING, NOT LIMITED TO,
CONTINUING CO
WITH FURTHER ACTIONS TO NARROW DISCOUNT; SELLING UNITS, ETC
* WILL UNDERTAKE AN OPEN CONSULTATION PROCESS WITH
SHAREHOLDERS
((Reuters.Briefs@thomsonreuters.com;;))