Alpha Real Trust Limited Industrial Multi Property Trust PLC - EGM (2085P)
November 15 2016 - 4:39AM
UK Regulatory
TIDMARTL
RNS Number : 2085P
Alpha Real Trust Limited
15 November 2016
15 November 2016
ALPHA REAL TRUST LIMITED ("ALPHA REAL TRUST" OR THE
"COMPANY")
The Board of Alpha Real Trust Limited (the "Company") notes the
announcement by Industrial Multi Property Trust PLC ("IMPT") on 14
November 2016.
The Company has been in discussions with the directors of IMPT
regarding refinancing of IMPT's debt by the end of 2016, as
previously announced by IMPT.
The Company believes that the directors of IMPT are not actively
considering a debt refinancing strategy, which the Company believes
would be in the best interests of all of the shareholders of IMPT.
The Company has requisitioned an extraordinary general meeting of
IMPT to call for the removal of Jonathan Clague and Donald Lake as
directors of IMPT.
IMPT will publish a circular in due course, and the Company will
provide a further update if necessary.
As at 30 June 2016 the Company's holding in IMPT was GBP2.3m in
equity (18.7% of the IMPT share capital) and GBP10.3m in unsecured
subordinated debt.
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
END
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