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Alpha Real Tst Ltd (ARTL)

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Tuesday 25 April, 2017

Alpha Real Tst Ltd

Agreement with Hansteen Holdings plc re IMPT

RNS Number : 3211D
Alpha Real Trust Limited
25 April 2017
 

 

 

25 April 2017

 

 

ALPHA REAL TRUST LIMITED ("ALPHA REAL TRUST")

 

Agreement with Hansteen Holdings plc ("Hansteen") regarding Industrial Multi Property Trust plc ("IMPT")

 

Further to the earlier announcement by Hansteen, Alpha Real Trust confirms it has entered into an irrevocable undertaking to sell its shares in IMPT to Hansteen at a price of 330p per share in cash on or before 3 May 2017 and Hansteen has agreed to make an increased offer of 330p to all shareholders of IMPT.

Alpha Real Trust will therefore no longer be a shareholder of IMPT at the time of IMPT's next general meeting of 11 May 2017 and has agreed to abstain from voting at such meeting in any event.  Alpha Real Trust has also agreed to withdraw its request dated 11 April 2017 to requisition a further meeting of the IMPT Shareholders.

 

For further information please contact:

 

Alpha Real Trust Limited

David Jeffreys, Chairman, Alpha Real Trust                                   +44 (0) 1481 231 100

Brad Bauman, Joint Fund Manager, Alpha Real Trust                    +44 (0) 20 7391 4700

Panmure Gordon, Broker to the Company

Richard Gray / Andrew Potts                                                            +44 (0) 20 7886 2500

 

Further information on the Company can be found on the Company's website: www.alpharealtrustlimited.com.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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