Brief: Custodian Property And Abrdn Property Income Trust Announce Recommended All-Share Merger

Custodian Property Income Reit

19/01/2024 07:24

Jan 19 (Reuters) - Custodian Property Income:
    * CUSTODIAN PROPERTY ABRDN PROPERTY INC.  - RECOMMENDED
ALL-SHARE
MERGER
    * CUSTODIAN PROPERTY INCOME REIT PLC - RECOMMENDED ALL-SHARE
MERGER OF ABRDN PROPERTY INCOME TRUST LIMITED WITH CUSTODIAN
PROPERTY INCOME REIT PLC
    * CUSTODIAN PROPERTY INCOME REIT PLC - UNDER TERMS OF
MERGER,
SCHEME SHAREHOLDERS WILL RECEIVE FOR EACH SCHEME SHARE, 0.78 NEW
CREI SHARES
    * CUSTODIAN PROPERTY INCOME REIT: ON DEAL, CREI SHAREHOLDERS
WILL
HOLD ABOUT 59.7%, API SHAREHOLDERS ABOUT 40.3% IN CREI GROUP AS
ENLARGED BY API GROUP
    * CUSTODIAN PROPERTY INCOME REIT PLC -  APPLYING EXCHANGE
RATIO TO
CLOSING PRICE PER CREI SHARE ON 18 JAN VALUES EACH API SHARE AT
62.1 PENCE
    * CUSTODIAN PROPERTY INCOME REIT PLC - FOLLOWING COMPLETION
OF
MERGER, IT IS EXPECTED THAT CREI BOARD WILL COMPRISE EIGHT
DIRECTORS

Source text for Eikon:  ID:nRSS2818Aa 
Further company coverage:  APIA.L 

 ((Reuters.Briefs@thomsonreuters.com;))