RCS - Phoenix SpreeDeutsch - Edison issues report on Phoenix Spree

Phoenix Spree DeutschlandAnnouncement

27/02/2025 14:30

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RNS Number : 7604Y  Phoenix Spree Deutschland Limited  27 February 2025

London, UK, 27 February 2025

 

Edison issues report on Phoenix Spree Deutschland (PSDL)

Edison issues report on Phoenix Spree Deutschland (LSE: PSDL)

The completion of amendments to its financing arrangements allows Phoenix
Spree Deutschland (PSD) to increase condominium sales materially, exploiting
the wide valuation gap between investment valuations and condominium sales
values. This is core to the orderly asset realisation strategy, which the
board has identified as the best way to unlock the value embedded in PSD's
portfolio and maximise shareholder returns. Shareholders will be able to
consider the merits of this approach in a continuation vote to be held on 12
March. Our updated analysis indicates that a managed portfolio realisation can
be achieved in line with the current EPRA NTA, to which the share price is at
a c 45% discount.

Click here
(https://www.edisongroup.com/research/the-path-to-releasing-value/BM-1003/) to
read the full report.

All reports published by Edison are available to download free of charge from
its website

www.edisongroup.com (http://www.edisongroup.com)

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(https://register.fca.org.uk/s/firm?id=001b000000MfYL6AAN) .

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advice. Edison's reports are not solicitations to buy or sell any securities.

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+44 (0)20 3077 5700

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