INVESCO PROPERTY INCOME TRUST LIMITED - Disposals of Property
19 Giugno 2015 - 1:23PM
PR Newswire (US)
Invesco Property
Income Trust Limited
HEADLINE: Disposals of Property
The Directors announce that contracts have been exchanged for
the sale of all the group’s remaining property assets to Kildare
Partners. Following completion the Directors will implement plans
for the orderly and solvent winding up of the Company and its
subsidiaries. This will include proposals, subject to the approval
of shareholders, for the cancellation of the Company’s listing on
the UKLA’s Official List.
The aggregate consideration was less than the amount outstanding
to the lending banks and consequently all the consideration will be
paid to the lending banks, less an amount retained to meet the
expected winding up costs. Following the payment of costs for
winding up the group there will be no return to shareholders.
The Annual Financial Report for the year ended 31 March 2015 will be published in due course,
together with a notice convening a general meeting at which
resolutions will be proposed, inter alia, for the cancellation of
the Company’s listing.
All enquiries
Invesco Asset Management Ltd
Angus Pottinger
020 3753 0714
Rory Morrison
020 7543 3500
19 June 2015
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