Local Shopping REIT (The) PLC Tender Offer (8742N)
27 Septiembre 2019 - 1:00AM
UK Regulatory
TIDMLSR
RNS Number : 8742N
Local Shopping REIT (The) PLC
27 September 2019
FOR IMMEDIATE RELEASE
The Local Shopping REIT plc (the "Company" or "LSR")
Tender Offer for up to 61,484,576 LSR Shares ("Tender
Offer")
27 September 2019
The board of The Local Shopping REIT plc (the "Board" or the
"LSR Directors") notes that at 1.00 p.m. on 26 September 2019, the
close of the Tender Offer extension period of 14 calendar days
following the Closing Date for the Tender Offer on 12 September
2019, further valid tenders had been received in respect of 631,058
LSR Shares, representing 2.71 per cent. of the issued ordinary
share capital of the Company (excluding LSR Shares held in
treasury) and 27.35 per cent. of the LSR Shares in issue (excluding
LSR Shares held in treasury and LSR Shares held by Thalassa).
It is anticipated that the further LSR Shares tendered pursuant
to the Tender Offer, as notified above, will be purchased and
cancelled on Monday, 30 September 2019, at which time Thalassa will
be interested in 92.62 per cent. of the issued share capital of the
Company (excluding shares held in treasury). LSR Shareholders can
expect to receive the proceeds from the sale of the further LSR
Shares they have tendered, at 31.33p per LSR Share, by 8 October
2019.
Save where otherwise defined herein, capitalised terms and
expressions used in this announcement have the meanings given to
them in the Circular.
ENDS
Enquiries:
The Local Shopping REIT plc
William A Heaney
Company Secretary
020 7355 8800
BDO LLP (Independent Rule 3 Adviser to the Company)
John Stephan
Susan Jarram
020 7486 5888
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END
TENUNRWRKOAKUAR
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