REG - Shaftesbury Capital - Response to market speculation

Shaftesbury CapitalAnnouncement

19/03/2025 18:15

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RNS Number : 3757B  Shaftesbury Capital PLC  19 March 2025

PRESS RELEASE

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR
FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION

FOR IMMEDIATE RELEASE

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

19 March 2025

Shaftesbury Capital PLC

Response to market speculation

Shaftesbury Capital PLC (the "Company") notes recent market speculation and
confirms that it is in advanced discussions with Norges Bank Investment
Management ("NBIM") regarding a potential long-term partnership in relation to
the Company's Covent Garden portfolio, which was independently valued at £2.7
billion as at 31 December 2024.

It is currently anticipated that such a transaction, if completed, would
result in NBIM becoming a 25 per cent shareholder in the Covent Garden
portfolio, acquiring the position in line with the December 2024 valuation.
The Company would retain control and management of the portfolio.

The transaction would position the Company strongly to pursue further
long-term value creation and growth opportunities across its portfolio.

At this stage there is no certainty that any transaction will be agreed.
Further announcements will be made in due course as appropriate.

The person responsible for arranging the release of this announcement is Ruth
Pavey, Company Secretary.

 

Enquiries:

 Shaftesbury Capital PLC                                                         +44 (0)20 3214 9150
 Ian Hawksworth           Chief Executive
 Situl Jobanputra         Chief Financial Officer
 Sarah Corbett            Director of Commercial Finance and Investor Relations

About Shaftesbury Capital

Shaftesbury Capital PLC ("Shaftesbury Capital") is the leading central London
mixed-use REIT and is a constituent of the FTSE-250 Index. Our property
portfolio, valued at £5.0 billion at 31 December 2024, extends to 2.7 million
square feet of lettable space across the most vibrant areas of London's West
End. With a diverse mix of shops, restaurants, cafés, bars, residential and
offices, our destinations include the high footfall, thriving neighbourhoods
of Covent Garden, Carnaby, Soho and Chinatown. Our properties are close to the
main West End Underground stations and transport hubs for the Elizabeth Line.
Shaftesbury Capital shares are listed on the London Stock Exchange ("LSE")
(primary) and the Johannesburg Stock Exchange ("JSE") (secondary) and the A2X
(secondary).

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