Brief: Eurocastle Q1 Adjusted NAV At EUR 19.6 Mln

Eurocastle Investment

08/07/2022 07:14

July 8 (Reuters) - Eurocastle Investment Ltd  ECT.AS :
    * Q1 ADJUSTED NET ASSET VALUE OF EUR 19.6 MILLION, OR EUR
10.53
PER SHARE
    * BOARD OF DIRECTORS HAS CONCLUDED STRATEGIC REVIEW AND MADE
A
DECISION TO RELAUNCH COMPANY'S INVESTMENT ACTIVITY
    * LAUNCHING A TENDER OFFER TO PROVIDE A LIQUIDITY
OPPORTUNITY FOR
THOSE SHAREHOLDERS WHO DO NOT WISH TO PARTICIPATE IN RELAUNCH
    * TENDER OFFER IS AT A PRICE OF EUR 10.26 PER SHARE, A 28%
PREMIUM
TO CLOSING SHARE PRICE OF EUR 8.00 PER SHARE ON 6 JULY 2022
    * TO VOTE ON RESOLUTION TO WAIVE REQUIREMENT FOR COMPANY'S
MANAGER
AND ITS AFFILIATES ("FIG CONCERT PARTY") TO MAKE A GENERAL OFFER
FOR COMPANY SHOULD THEIR OWNERSHIP INTEREST IN COMPANY EXCEED
30% AS A RESULT TENDER OFFER

Source text for Eikon:  urn:newsml:reuters.com:*:nGNE8hCNqv
Further company coverage:  ECT.AS 

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