RUGB Rugby Est It

 

TIDMRUGB 
 
RNS Number : 2311M 
Rugby Estates Investment Trust PLC 
19 May 2010 
 

19 May 2010 
                       RUGBY ESTATES INVESTMENT TRUST PLC 
                            ("REIT" OR THE "GROUP") 
                          Interim Management Statement 
 
Since 31 December 2009, the Group's property portfolio has continued to perform 
satisfactorily. There have been no material changes to the property portfolio. 
 
On 14 May 2010, ING UK Real Estate Income Trust Limited ("ING UK RET") declared 
its offer for the Company (the "Offer") to be unconditional in all respects. The 
Directors of the Company resigned and were replaced by appointees of ING UK RET. 
 ING UK RET has obtained acceptances in respect of approximately 97% of the 
Company's issued share capital, and has initiated compulsory acquisition 
procedures in respect of the remaining share capital. ING UK RET has announced 
its intention to de-list the Company, and de-listing is expected to occur on or 
about 15 June 2010. 
 
The results of the Group for the present financial year will be adversely 
affected by costs relating to the Offer and the termination of the Group's 
management agreements with Rugby Asset Management Limited. 
 
All Enquiries: 
 
Financial Dynamics 
  020 7831 3113 
Stephanie Highett 
Rachel Drysdale 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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