Update on Proposed Issue of Equity

RNS Number : 3895E

AEW UK Long Lease REIT PLC

09 February 2018

 

THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, CANADA, JAPAN, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA OR THE UNITED STATES OR ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

AEW UK Long Lease REIT plc

Update on Placing, Offer for Subscription and Intermediaries Offer

9 February 2018

Further to the announcement made by AEW UK Long Lease REIT plc (the "Company") on 1 February 2018 of its intention to issue additional shares pursuant to its Share Issuance Programme (the "Issue"), the board of directors of the Company announces that in light of the current volatility in the market it has decided to withdraw the Issue.

Commenting on today's announcement, Steve Smith, Chairman of AEW UK Long Lease REIT:

"Whilst we are disappointed that we have had to withdraw the issue at the current time, as a board we believe strongly in the Company's investment proposition. The Company has successfully invested in a portfolio providing high quality secure income with inflation-linkage, and capital preservation. Attractive investment opportunities continue to exist across a range of property sectors, as seen from the pipeline assets identified by the Company's investment manager, and we look forward to coming back to the market when conditions are more stable."

Any monies which have been received under the Offer for Subscription or Intermediaries Offer will be returned to investors in accordance with the terms and conditions set out in the Company's prospectus available at the Company's website (http://www.aewukllreit.com/) (the "Prospectus").

For further information, please contact:

AEW UK Investment Management LLP Alex Short Laura Elkin	020 7016 4880
Sponsor, Financial Adviser and Sole Bookrunner Fidante Capital Katie Standley Nick Donovan	020 7832 0900
Intermediaries Offer Enquiries [e-mail] Solid Solutions Nigel Morris	020 7549 1613
Media Enquiries [e-mail] TB Cardew	020 7930 0777
Ed Orlebar	07738 724 630
Tom Allison Lucy Featherstone	07789 998 020 07789 374 663

LEI: 213800MPBIJS12Q88F71

 

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