TIDMYEW
RNS Number : 7867V
Yew Grove REIT PLC
16 April 2021
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR
DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, BY ANY
MEANS OR MEDIA, IN OR INTO OR FROM THE UNITED STATES, CANADA,
AUSTRALIA, NEW ZEALAND, JAPAN, OR THE REPUBLIC OF SOUTH AFRICA, ANY
MEMBER STATE OF THE EUROPEAN ECONOMIC AREA (OTHER THAN IRELAND,
BELGIUM, THE NETHERLANDS OR LUXEMBOURG (TOGETHER "ELIGIBLE MEMBER
STATES"), AND THEN, ONLY TO PERSONS IN ELIGIBLE MEMBER STATES WHO
ARE NOT RETAIL INVESTORS) OR ANY OTHER JURISDICTION IN WHICH
RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT
ITSELF CONSTITUTE AN OFFER FOR SALE OR SUBSCRIPTION OF ANY
SECURITIES IN THE COMPANY.
This announcement is released by Yew Grove REIT plc and contains
inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) 596/2014 ("EU MAR") and for the purposes of
Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms
part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("UK MAR"), and is disclosed in accordance
with the company's obligations under Article 17 of EU MAR and
Article 17 of UK MAR.
Yew Grove REIT plc
(the "Company" or "Yew Grove")
Result of Placing
Successful Placing and Subscription raising gross proceeds of
approximately EUR12.7 million
Yew Grove REIT plc (LSE:YEW, Euronext:YEW), which owns a
diversified portfolio of Irish commercial property assets, is
pleased to announce the completion of the placing announced earlier
today, 16 April 2021 (the "Placing").
The Placing was conducted by way of a bookbuild. The book
building process has now closed and the Company is pleased to
announce that approximately 13.2 million Placing Shares have been
conditionally placed with certain existing and new institutional
and other investors at a Placing Price of EUR0.95 per share,
raising gross proceeds of approximately EUR12.5 million for the
Company.
In conjunction with the Placing, certain directors of the
Company subscribed for 157,369 Subscription Shares at the Placing
Price (the "Subscription"), and in aggregate to contribute
approximately EUR150,000.
Together, the Placing and the Subscription have resulted in the
Company raising total gross proceeds of approximately EUR12.7
million.
The Placing and settlement
The Placing Shares and the Subscription Shares (together, "New
Shares"), when issued, will represent approximately 10.7 per cent.
of the Company's enlarged ordinary share capital.
The New Shares, when issued, will be credited as fully paid and
will rank pari passu in all respects with the existing Ordinary
Shares, including the right to receive all dividends and other
distributions declared, made or paid after the date of issue of the
New Shares. For the avoidance of doubt, this does not include the
interim ordinary dividend of 1.25 cents per ordinary share in
respect of the first quarter of 2021 announced on 8 April 2021.
The Placing is conditional, inter alia, on the Admission of the
New Shares to AIM and Euronext Growth and the Placing Agreement not
being terminated in accordance with its terms. Application has been
made for the New Shares to be admitted to trading on both markets.
It is expected that Admission will become effective and that
dealings in the New Shares will commence on 20 April 2021.
Settlement for the New Shares is expected to take place on or
before 8.00 a.m. on 20 April 2021.
Directors' participation
The following Directors' participated in the Subscription.
Name Position Number Ordinary Shares
of New following
Shares the Subscription
Barry O'Dowd Chairman 10,000 75,309
Jonathan Laredo Chief Executive Officer 26,316 2,740,912
Charles Peach Chief Financial Officer 26,316 303,529
Eimear Moloney Non-Executive Director 36,842 107,615
Senior Independent Non-Executive
Garry O'Dea Director 26,316 102,089
Brian Owens Non-Executive Director 31,579 102,352
Total voting rights
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.
Capitalised terms used in this announcement (this
"Announcement"), which have not been defined have the meanings
given to them in the announcement made by the Company earlier today
announcing the Placing, unless the context provides otherwise.
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
Notification of Transactions by Persons Discharging Managerial
Responsibilities and Persons Closely Associated with them
This form is required for disclosure of transactions under
Article 19 of Regulation (EU) No 596/2014 of the European
Parliament and of the Council of 16 April 2014 on market abuse
(Market Abuse Regulation)
1 Details of the person discharging managerial responsibilities/person
closely associated
=== =======================================================================
a) Name Barry O'Dowd
====================== ===============================================
2 Reason for the notification
=======================================================================
a) Director
====================== ===============================================
b) Initial Notification Initial notification
Amendment
====================== ===============================================
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
=======================================================================
a) Name Yew Grove REIT plc
====================== ===============================================
b) LEI 6354003383UIBIYIJA86
====================== ===============================================
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
=======================================================================
a) Description Yew Grove REIT plc Ordinary Shares of EUR0.01
of the financial each
instrument,
type of ISIN: IE00BDT5KP12
instrument
Identification
code
====================== ===============================================
b) Nature of Purchase of Ordinary Shares in share placing
the transaction as part of a Share Issuance Programme.
====================== ===============================================
c) Price(s) and Price(s) Volume(s)
volume(s) EUR0.95 10,000
==========
====================== ===============================================
d) Aggregated
information N/A
- Aggregated
volume
- Price
====================== ===============================================
e) Date of the
transaction 16 April 2021
====================== ===============================================
f) Place of the Euronext Growth
transaction
====================== ===============================================
g) Additional
Information N/A
====================== ===============================================
1 Details of the person discharging managerial responsibilities/person
closely associated
=== =======================================================================
a) Name Jonathan Laredo
====================== ===============================================
2 Reason for the notification
=======================================================================
a) Director
====================== ===============================================
b) Initial Notification Initial notification
Amendment
====================== ===============================================
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
=======================================================================
a) Name Yew Grove REIT plc
====================== ===============================================
b) LEI 6354003383UIBIYIJA86
====================== ===============================================
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
=======================================================================
a) Description Yew Grove REIT plc Ordinary Shares of EUR0.01
of the financial each
instrument,
type of ISIN: IE00BDT5KP12
instrument
Identification
code
====================== ===============================================
b) Nature of Purchase of Ordinary Shares in share placing
the transaction as part of a Share Issuance Programme.
====================== ===============================================
c) Price(s) and Price(s) Volume(s)
volume(s) EUR0.95 26,316
==========
====================== ===============================================
d) Aggregated
information N/A
- Aggregated
volume
- Price
====================== ===============================================
e) Date of the
transaction 16 April 2021
====================== ===============================================
f) Place of the Euronext Growth
transaction
====================== ===============================================
g) Additional
Information N/A
====================== ===============================================
1 Details of the person discharging managerial responsibilities/person
closely associated
=== =======================================================================
a) Name Charles Peach
====================== ===============================================
2 Reason for the notification
=======================================================================
a) Director
====================== ===============================================
b) Initial Notification Initial notification
Amendment
====================== ===============================================
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
=======================================================================
a) Name Yew Grove REIT plc
====================== ===============================================
b) LEI 6354003383UIBIYIJA86
====================== ===============================================
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
=======================================================================
a) Description Yew Grove REIT plc Ordinary Shares of EUR0.01
of the financial each
instrument,
type of ISIN: IE00BDT5KP12
instrument
Identification
code
====================== ===============================================
b) Nature of Purchase of Ordinary Shares in share placing
the transaction as part of a Share Issuance Programme.
====================== ===============================================
c) Price(s) and Price(s) Volume(s)
volume(s) EUR0.95 26,316
==========
====================== ===============================================
d) Aggregated
information N/A
- Aggregated
volume
- Price
====================== ===============================================
e) Date of the
transaction 16 April 2021
====================== ===============================================
f) Place of the Euronext Growth
transaction
====================== ===============================================
g) Additional
Information N/A
====================== ===============================================
1 Details of the person discharging managerial responsibilities/person
closely associated
=== =======================================================================
a) Name Eimear Moloney
====================== ===============================================
2 Reason for the notification
=======================================================================
a) Director
====================== ===============================================
b) Initial Notification Initial notification
Amendment
====================== ===============================================
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
=======================================================================
a) Name Yew Grove REIT plc
====================== ===============================================
b) LEI 6354003383UIBIYIJA86
====================== ===============================================
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
=======================================================================
a) Description Yew Grove REIT plc Ordinary Shares of EUR0.01
of the financial each
instrument,
type of ISIN: IE00BDT5KP12
instrument
Identification
code
====================== ===============================================
b) Nature of Purchase of Ordinary Shares in share placing
the transaction as part of a Share Issuance Programme.
====================== ===============================================
c) Price(s) and Price(s) Volume(s)
volume(s) EUR0.95 36,842
==========
====================== ===============================================
d) Aggregated
information N/A
- Aggregated
volume
- Price
====================== ===============================================
e) Date of the
transaction 16 April 2021
====================== ===============================================
f) Place of the Euronext Growth
transaction
====================== ===============================================
g) Additional
Information N/A
====================== ===============================================
1 Details of the person discharging managerial responsibilities/person
closely associated
=== =======================================================================
a) Name Garry O'Dea
====================== ===============================================
2 Reason for the notification
=======================================================================
a) Director
====================== ===============================================
b) Initial Notification Initial notification
Amendment
====================== ===============================================
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
=======================================================================
a) Name Yew Grove REIT plc
====================== ===============================================
b) LEI 6354003383UIBIYIJA86
====================== ===============================================
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
=======================================================================
a) Description Yew Grove REIT plc Ordinary Shares of EUR0.01
of the financial each
instrument,
type of ISIN: IE00BDT5KP12
instrument
Identification
code
====================== ===============================================
b) Nature of Purchase of Ordinary Shares in share placing
the transaction as part of a Share Issuance Programme.
====================== ===============================================
c) Price(s) and Price(s) Volume(s)
volume(s) EUR0.95 26,316
==========
====================== ===============================================
d) Aggregated
information N/A
- Aggregated
volume
- Price
====================== ===============================================
e) Date of the
transaction 16 April 2021
====================== ===============================================
f) Place of the Euronext Growth
transaction
====================== ===============================================
g) Additional
Information N/A
====================== ===============================================
1 Details of the person discharging managerial responsibilities/person
closely associated
=== =======================================================================
a) Name Brian Owens
====================== ===============================================
2 Reason for the notification
=======================================================================
a) Director
====================== ===============================================
b) Initial Notification Initial notification
Amendment
====================== ===============================================
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
=======================================================================
a) Name Yew Grove REIT plc
====================== ===============================================
b) LEI 6354003383UIBIYIJA86
====================== ===============================================
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
=======================================================================
a) Description Yew Grove REIT plc Ordinary Shares of EUR0.01
of the financial each
instrument,
type of ISIN: IE00BDT5KP12
instrument
Identification
code
====================== ===============================================
b) Nature of Purchase of Ordinary Shares in share placing
the transaction as part of a Share Issuance Programme.
====================== ===============================================
c) Price(s) and Price(s) Volume(s)
volume(s) EUR0.95 31,579
==========
====================== ===============================================
d) Aggregated
information N/A
- Aggregated
volume
- Price
====================== ===============================================
e) Date of the
transaction 16 April 2021
====================== ===============================================
f) Place of the Euronext Growth
transaction
====================== ===============================================
g) Additional
Information N/A
====================== ===============================================
IMPORTANT NOTICES
This Announcement and the information contained herein is not
for release, publication or distribution, directly or indirectly,
in whole or in part, in or into or from the United States, Canada,
Australia, New Zealand, Japan, the Republic of South Africa or any
other jurisdiction where to do so might constitute a violation of
the relevant laws or regulations of such jurisdiction.
This Announcement does not constitute or form part of any offer
to sell, or any solicitation of an offer to buy, securities in the
United States. Securities may not be offered or sold in the United
States absent (i) registration under the Securities Act or (ii) an
available exemption from registration under the Securities Act. The
Placing Shares have not been and will not be registered under the
Securities Act or under the securities laws of any state or other
jurisdiction of the United States and may not be offered, sold,
resold or delivered, directly or indirectly, in or into the United
States to or for the account or benefit of any US Person (within
the meaning of Regulation S under the US Securities Act of 1933)
absent registration, except pursuant to an exemption from or in a
transaction not subject to the registration requirements of the
Securities Act. No public offering of the Placing Shares is being
made in the United States.
This Announcement does not constitute an offer to sell or issue
or a solicitation of an offer to buy or subscribe for Placing
Shares in any jurisdiction including, without limitation, the
United States, Canada, Australia, New Zealand, Japan, the Republic
of South Africa or any other jurisdiction in which such offer or
solicitation is or may be unlawful (a "Prohibited Jurisdiction").
This Announcement and the information contained herein are not for
publication or distribution, directly or indirectly, to persons in
a Prohibited Jurisdiction unless permitted pursuant to an exemption
under the relevant local law or regulation in any such
jurisdiction. No action has been taken by the Company, the Sole
Bookrunner, the Nomad, the Euronext Growth Adviser or the Placing
Agent or any of their respective affiliates that would permit an
offer of the Placing Shares or possession or distribution of this
Announcement or any other publicity material relating to such
Placing Shares in any jurisdiction where action for that purpose is
required. Persons receiving this Announcement are required to
inform themselves about and to observe any such restrictions.
Persons (including, without limitation, nominees and trustees)
who have a contractual or other legal obligation to forward a copy
of this Announcement should seek appropriate advice before taking
any action.
Goodbody Stockbrokers UC, which is authorised and regulated in
Ireland by the Central Bank of Ireland , is acting as Joint
Bookrunner for the Company and no-one else in connection with the
Placing and is not, and will not be, responsible to anyone other
than the Company for providing the protections afforded to its
clients nor for providing advice in relation to the Placing and/or
any other matter referred to in this Announcement.
Liberum Capital Limited which is authorised and regulated in the
United Kingdom by the Financial Conduct Authority ("FCA") is acting
as Joint Bookrunner for the Company and no-one else in connection
with the Placing and is not, and will not be, responsible to anyone
other than the Company for providing the protections afforded to
its clients nor for providing advice in relation to the Placing
and/or any other matter referred to in this Announcement.
Any indication in this Announcement of the price at which the
Ordinary Shares have been bought or sold in the past cannot be
relied upon as a guide to future performance. Persons needing
advice should consult an independent financial adviser. No
statement in this Announcement is intended to be a profit forecast
and no statement in this Announcement should be interpreted to mean
that earnings per share of the Company for the current or future
financial years would necessarily match or exceed the historical
published earnings per share of the Company.
The Placing Shares to be issued pursuant to the Placing will not
be admitted to trading on any stock exchange other than AIM and
Euronext Growth.
Neither the content of the Company's website (or any other
website) nor the content of any website accessible from hyperlinks
on the Company's website (or any other website) is incorporated
into, or forms part of, this Announcement.
This Announcement has been issued by and is the sole
responsibility of the Company. To the fullest extent permissible by
law or regulation, none of the Joint Bookrunners, the Nomad, the
Euronext Growth Adviser, nor the Placing Agent nor any of their
respective affiliates accept any responsibility whatsoever for the
contents of the information contained in this Announcement or for
any other statement made or purported to be made by or on behalf of
the Joint Bookrunners, the Nomad, the Euronext Growth Adviser, or
the Placing Agent or any of their respective affiliates in
connection with the Company, the Placing Shares or the Share
Issuance Programme and/or any other matter referred to in this
Announcement. To the fullest extent permissible by law or
regulation, the Joint Bookrunners, the Nomad, the Euronext Growth
Adviser, and the Placing Agent and each of their respective
affiliates accordingly disclaim all and any liability (save for
statutory liability), whether arising in tort, contract or
otherwise in respect of any statements or other information
contained in this Announcement and to the fullest extent
permissible by law or regulation no representation or warranty,
express or implied, is made by the Joint Bookrunners, the Nomad,
the Euronext Growth Adviser, or the Placing Agent or any of their
respective affiliates as to the accuracy, completeness or
sufficiency of the information contained in this Announcement.
In connection with the Placing, each of the Joint Bookrunners,
the Nomad, the Euronext Growth Adviser, and the Placing Agent and
any of their respective affiliates, acting as investors for their
own accounts, may subscribe for or purchase Placing Shares and in
that capacity may retain, purchase, sell, offer to sell or
otherwise deal for their own accounts in such Placing Shares and
other securities of the Company or related investments in
connection with the Placing or otherwise.
This Announcement does not identify or suggest, or purport to
identify or suggest, the risks (direct or indirect) that may be
associated with an investment in the Placing Shares. Any investment
decision to subscribe for Placing Shares in the Placing must be
made solely on the basis of publicly available information, which
has not been independently verified by the Joint Bookrunners, the
Nomad, the Euronext Growth Adviser, or the Placing Agent.
This Announcement may contain certain forward-looking statements
with respect to the financial condition, results of operations and
business of the Group and certain plans and objectives of the
Board. These forward-looking statements can be identified by the
fact that they do not relate only to historical or current facts.
Forward-looking statements often include words such as
"anticipate", "target", "expect", "estimate", "intend", "plan",
"goal", "believe", "will", "may", "should", "would" or "could" or
other words of similar meaning. These statements are based on
assumptions and assessments made by the Board in light of its
experience and perception of historical trends, current conditions,
expected future developments and other factors it believes
appropriate. Nothing contained in this document shall be deemed to
be a forecast, projection or estimate of the future financial
performance of Yew Grove except where expressly stated and no
statement in this Announcement should be interpreted to mean that
earnings per Ordinary Share for the current or future financial
years would necessarily match or exceed the historical published
earnings per Ordinary Share.
By their nature, forward-looking statements involve risk and
uncertainty, and the factors described in the context of such
forward-looking statements in this document could cause actual
results or developments to differ materially from those expressed
in or implied by such forward-looking statements. Many of these
risks and uncertainties relate to factors that are beyond the
Company's ability to control or estimate precisely, such as changes
in general economic and business conditions, changes in interest
rates, introduction of competing products or services, lack of
acceptance of new products or services, changes in business
strategy and the behaviour of other market participants and other
factors, and therefore undue reliance should not be placed on such
statements. Should one or more of these risks or uncertainties
materialise, or should underlying assumptions prove incorrect,
actual results may vary materially from those described in this
document.
The statements contained in this Announcement are made as at the
date of this Announcement unless some other time is specified in
relation to them. Except as required by the Financial Conduct
Authority, the London Stock Exchange, the AIM Rules, the Euronext
Growth Rules, the Disclosure Guidance and Transparency Rules or
applicable law, Yew Grove does not have any obligation to update or
revise publicly any statement, whether as a result of new
information, further events or otherwise. Except as required by the
AIM Rules, the Euronext Growth Rules, the Disclosure Guidance and
Transparency Rules or applicable law, Yew Grove expressly disclaims
any obligation or undertaking to release publicly any updates or
revisions to any statement contained herein to reflect any change
in Yew Grove's expectations with regard thereto or any change in
events, conditions or circumstances on which any such statement is
based. In light of these risks, uncertainties and assumptions, the
forward-looking events discussed in this document might not occur.
Publication of this Announcement shall not give rise to any
implication that there has been no change in the facts set out in
this Announcement since the date of this Announcement.
No statement in this Announcement is or is intended to be a
profit forecast or profit estimate or to imply that the earnings of
the Company for the current or future financial years will
necessarily match or exceed the historical or published earnings of
the Company.
The price of shares and the income from them may go down as well
as up and investors may not get back the full amount invested on
disposal of shares acquired. Past performance is no guide to future
performance and persons needing advice should consult an
independent financial adviser.
This Announcement does not constitute a recommendation
concerning any investor's options with respect to the Placing. The
price of shares and any income expected from them may go down as
well as up and investors may not get back the full amount invested
upon disposal of the shares. Past performance is no guide to future
performance. The contents of this Announcement are not to be
construed as legal, business, financial or tax advice. Each
investor or prospective investor should consult his, her or its own
legal adviser, business adviser, financial adviser or tax adviser
for legal, financial, business or tax advice.
Information to Distributors
Solely for the purposes of the product governance requirements
contained within: (a) EU Directive 2014/65/EU on markets in
financial instruments, as amended ("MiFID II"); (b) Articles 9 and
10 of Commission Delegated Directive (EU) 2017/593 supplementing
MiFID II; and (c) local implementing measures (together, the "MiFID
II Product Governance Requirements"), and the product governance
requirements contained within the FCA Handbook Product Intervention
and Product Governance Sourcebook (the "UK Product Governance
Rules"), and disclaiming all and any liability, whether arising in
tort, contract or otherwise, which any "manufacturer" (for the
purposes of the MiFID II and the UK Product Governance
Requirements) may otherwise have with respect thereto, the Placing
Shares have been subject to a product approval process, which has
determined that the Placing Shares are: (i) compatible with an end
target market of (a) retail investors, as defined in MiFID II and
Regulation (EU) NO 2017/565 as it forms part of domestic law by
virtue of the EUWA, (b) investors who meet the criteria of
professional clients, as defined in MiFID II and Regulation (EU) NO
600/2014 as it forms part of domestic law by virtue of the EUWA, or
(c) eligible counterparties, as defined in MiFID II and the FCA's
Conduct of Business Sourcebook ("COBS"); and (ii) eligible for
distribution through all distribution channels as are permitted by
MiFID II (the "Target Market Assessment").
Notwithstanding the Target Market Assessment, distributors
should note that: the price of the Placing Shares may decline and
investors could lose all or part of their investment; the Placing
Shares offer no guaranteed income and no capital protection; and an
investment in the Placing Shares is compatible only with investors
who do not need a guaranteed income or capital protection, who
(either alone or in conjunction with an appropriate financial or
other adviser) are capable of evaluating the merits and risks of
such an investment and who have sufficient resources to be able to
bear any losses that may result therefrom. The Target Market
Assessment is without prejudice to the requirements of any
contractual, legal or regulatory selling restrictions in relation
to the Proposed Placing.
For the avoidance of doubt, the Target Market Assessment does
not constitute: (a) an assessment of suitability or appropriateness
for the purposes of MiFID II or COBS; or (b) a recommendation to
any investor or group of investors to invest in, or purchase, or
take any other action whatsoever with respect to the Placing
Shares.
Each distributor is responsible for undertaking its own target
market assessment in respect of the Placing Shares and determining
appropriate distribution channels.
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END
ROIZQLFFFZLEBBE
(END) Dow Jones Newswires
April 16, 2021 11:01 ET (15:01 GMT)
Yew Grove Reit (LSE:YEW)
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