Grafico Azioni The Local Shopping Reit (LSE:LSR)
6 Mesi : Da Lug 2019 a Gen 2020
RNS Number : 6884M
Local Shopping REIT (The) PLC
18 September 2019
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, DISTRIBUTION, PUBLICATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION. PLEASE SEE THE IMPORTANT INFORMATION AT THE END OF THIS ANNOUNCEMENT.
The Local Shopping REIT plc (the "Company" or "LSR")
Suspension of Listing and Trading
Tender Offer remains open for acceptances
18 September 2019
Following the purchase and cancellation of the Company's shares as announced on 17 September 2019, the Company no longer meets its continuing obligations for listing due to the Company having insufficient shares in public hands. As a consequence, the Company has requested the suspension of the listing of the LSR Shares on the Premium Listing segment of the Official List of the FCA and trading in the LSR Shares on the London Stock Exchange's Main Market for listed securities will be suspended with effect from 7.30 a.m. (UK time) today.
The Tender Offer remains open for acceptances to enable LSR Shareholders registered on the Company's register of members at the close of business on 12 September 2019 who have not yet tendered their LSR Shares in the Tender Offer to do so if they wish. In order to do so, LSR Shareholders must lodge their completed Tender Forms with the Company's receiving agent, Equiniti Limited, or submit their instructions via CREST, prior to 1.00 p.m. on Thursday, 26 September 2019 in accordance with paragraph 13.2 of Part 2 and Part 4 of the circular to LSR Shareholders dated 25 July 2019 ("Circular").
The Board urges LSR Shareholders who have not yet tendered their LSR Shares under the Tender Offer to read the Circular carefully. The Circular provides information on the background to, and reasons for, the Board's proposals, and explains why the Board considers those proposals to be in the best interests of the Company and LSR Shareholders as a whole.
Save where otherwise defined herein, capitalised terms and expressions used in this announcement have the meanings given to them in the Circular.
William A Heaney
020 7355 8800
BDO LLP ("BDO"), which is authorised and regulated by the Financial Conduct Authority in the United Kingdom, is acting exclusively as financial adviser to the Company and no one else in connection with the Offer and will not be responsible to anyone other than the Company for providing the protections afforded to clients of BDO or for providing advice in connection with the Offer or any other matter referred to in this announcement.
This announcement is not intended to, and does not, constitute or form part of any offer, invitation or solicitation of any offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of any securities or the solicitation of any vote or approval in any jurisdiction. The release, distribution or publication of this announcement in jurisdictions outside the United Kingdom may be restricted by the laws of the relevant jurisdictions and therefore persons into whose possession this announcement comes should inform themselves about, and observe, any such restrictions. Any failure to comply with the restrictions may constitute a violation of the securities laws of any such jurisdiction.
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(END) Dow Jones Newswires
September 18, 2019 02:30 ET (06:30 GMT)