YEW Yew Grove Reit Plc

TIDMYEW

RNS Number : 9360V

Yew Grove REIT PLC

19 April 2021

Yew Grove REIT plc

(the "Company" or "Yew Grove")

Placing Update

Further to the announcement made on 16 April 2021, the Company confirms that application has been made for 13,350,000 new Ordinary Shares of EUR0.01 each in the Company to be admitted to trading on AIM and Euronext Growth. The new Ordinary Shares comprise 13,192,631 Placing Shares and 157,369 Subscription Shares.

Following Admission, the total issued share capital of the Company will be 124,922,210 Ordinary Shares of EUR0.01 each. This figure may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the applicable legal and regulatory requirements.

Enquiries:

 
 Yew Grove REIT plc                               +353 1 485 3950 
 Jonathan Laredo, Chief Executive Officer 
 Michael Gibbons, Chief Investment Officer 
 Charles Peach, Chief Financial Officer 
 
 Goodbody Stockbrokers UC                         +353 1 667 0400 
 Joint Broker, Joint Bookrunner & Euronext 
  Growth Adviser 
 David Kearney, John Flynn, Edel O'Reilly, 
  Linda Clarke 
 
 Liberum Capital Limited                          +44 20 3100 2000 
 Joint Broker, Joint Bookrunner & Nomad 
 Richard Crawley, Jamie Richards, Ed Phillips, 
  Chris Whitaker 
 
 IFC Advisory                                     +44 203 934 6630 
 Financial PR                                     yewgrovereit@investor-focus.co.uk 
 Tim Metcalfe, Graham Herring 
 

Notes to editors

Yew Grove REIT plc, quoted on the London Stock Exchange's AIM market and on the Euronext Growth Market in Dublin, is an Irish commercial real estate company invested in a diversified portfolio of Irish commercial property. Yew Grove has a particular focus on well-tenanted commercial real estate assets comprising of office and industrial assets outside of Dublin's Central Business District.

Yew Grove's highly experienced team has a proven track record in commercial property investment and asset management in Ireland and internationally and is focused on delivering results. Its investment approach is strategic, not speculative, principally on assets that are let, pre-let or to be let after refurbishment. Shareholders are provided with stable, long-term income from a diverse portfolio of commercial property comprising well-tenanted real estate in strategic centres let to Irish government entities and other state bodies, IDA Ireland supported and other FDI companies, and larger corporates.

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(END) Dow Jones Newswires

April 19, 2021 10:40 ET (14:40 GMT)

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