Strategic Review Update

Ediston Property Inv Comp PLC

03 August 2023

 

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

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION IN RELATION TO EDISTON PROPERTY INVESTMENT COMPANY PLC.

Date: 3 August 2023

For Immediate Release                                                                                     

Ediston Property Investment Company plc

(the "Company")

Strategic Review Update

Following the announcement of the Strategic Review on 16 March 2023, the Board of Ediston Property Investment Company plc is pleased to announce that it is in advanced discussions with a third party buyer regarding a possible sale of the Company's property portfolio.  

There can be no certainty at this time that a sale of the Company's property portfolio will take place; nor as to the final terms on which, or the price at which, any such sale might be undertaken. At this time the Board is continuing to conduct its previously announced Strategic Review within the framework of a formal sale process in accordance with the City Code on Takeovers and Mergers, and it will do so until further notice.  

The Board will keep shareholders updated as appropriate.

Enquiries
Investec Bank plc (Lead Financial Adviser and Corporate Broker)	020 7597 4000
David Yovichic
Denis Flanagan
Dickson Minto Advisers (Joint Financial Adviser)	020 7649 6823
Douglas Armstrong
Belinda Beresford
KL Communications (PR Advisers)	07729 911301
Stephanie Ross
Ben Robinson

Other Notices

Investec Bank plc, which is authorised in the United Kingdom by the Prudential Regulation Authority and regulated in the UK by the Financial Conduct Authority and the Prudential Regulation Authority, is acting exclusively for Ediston Property Investment Company plc and no one else in connection with the matters discussed in this announcement and shall not be responsible to anyone other than Ediston Property Investment Company plc for providing the protections afforded to clients of Investec, nor for providing advice in connection with any matter referred to herein. Neither Investec nor any of its affiliates (nor any of its or their respective directors, officers, employees, representatives or agents) owes or accepts any duty, liability or responsibility whatsoever (whether direct, indirect, consequential, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Investec in connection with this announcement, any statement contained herein or otherwise.

This announcement is not intended to, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities whether pursuant to this announcement or otherwise.

The release, publication or distribution of this announcement in jurisdictions outside the United Kingdom may be restricted by laws of the relevant jurisdictions and therefore persons into whose possession this announcement comes should inform themselves about, and observe, such restrictions. Any failure to comply with the restrictions may constitute a violation of the securities law or any such jurisdiction.

Publication on a website

In accordance with Rule 26.1 of the Takeover Code, a copy of this announcement will, subject to certain restrictions relating to persons resident in restricted jurisdictions, be available on the Company's website at https://www.epic-reit.com/ no later than 12 noon (London time) on the business day following the date of this announcement. Neither the content of any website referred to in this announcement nor the content of any website accessible from hyperlinks is incorporated into, or forms part of, this announcement.

Inside Information

The information contained within this announcement is deemed by Ediston Property Investment Company plc to constitute inside information as stipulated under the Market Abuse Regulations (EU) No.596/2014 (as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018. On the publication of this announcement via a Regulatory Information Service, such information is now considered to be in the public domain.

LEI Number

The Company's LEI Number is 213800JRL87EGX9TUI28.

 

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