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Urban Exposure to distribute £43m to shareholders

By BFN News | 09:16 AM | Thursday 01 October, 2020


Property company Urban Exposure expects to distribute £43 million to shareholders in the next two months as it continues a wind-down of its business. Shareholder returns were expected to be within a range of 72-78p per ordinary share, the company said. As of 22 September the company had a cash balance of £55 million, but this has since risen to £65.5 million. This has meant that the expected payout to investors has risen from £26 million to £43 million. In addition, the group's forecast capital drawdown obligations fell to £7.7 million. At 9:16am: (LON:UEX) Urban Exposure Plc Ord Gbp0.01 share price was +2p at 67.5p Story provided by StockMarketWire.com

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