Brief: AXA Property Trust Says Co Remains Committed To Continue With Curno Disposal

Worsley Investors

19/10/2018 18:00

Oct 19 (Reuters) - AXA Property Trust Ltd  APT.L :
    * TIMETABLE FOR AUDITED ACCOUNTS AND COMPANY UPDATE
    * REMAINS COMMITTED TO CONTINUE WITH CO'S CURRENT
REALISATION
STRATEGY TO LEASE NEGOTIATIONS AT CURNO & ITS SUBSEQUENT
DISPOSAL
    * NEGOTIATIONS WITH TENANT AT CURNO CONTINUE TO PROGRESS
    * BOARD & ADVISORS CONTINUE TO REVIEW CO'S ONGOING OPERATING
COST
STRUCTURE TO IDENTIFY & IMPLEMENT EXPENSE REDUCTIONS WHERE
POSSIBLE
    * SHAREHOLDERS ACCOUNTING FOR APPROXIMATELY 30% OF VOTING
RIGHTS
WHO EXPRESSED THEIR INTENTION TO VOTE AGAINST EGM PROPOSALS IN
SEPT
    * BOARD WAS MADE AWARE OF SHAREHOLDER'S  INTENTIONS LESS
THAN 24
HOURS BEFORE MEETING WAS SCHEDULED TO START
    * DIRECTORS HAVE CONSULTED WITH SHAREHOLDER WHO VOTED
AGAINST
PROPOSALS
    * ANTICIPATED THAT NEW LEASE AGREEMENT WILL BE FINALISED AND
IN
PLACE BEFORE YEAR-END AT CURNO

Source text for Eikon:  ID:nPRrJ2082a 
Further company coverage:  APT.L 

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