Hansteen Holdings plc Potential Disposal (9145V)
July 26 2018 - 8:21AM
UK Regulatory
TIDMHSTN
RNS Number : 9145V
Hansteen Holdings plc
26 July 2018
26 July 2018
Hansteen Holdings PLC
("Hansteen" or the "Company")
Potential disposal
Hansteen (LSE: HSTN), the industrial property investor, notes
the announcement released by Warehouse REIT plc ("Warehouse REIT")
today and confirms it is in discussions with Warehouse REIT
regarding the potential disposal by Hansteen of a portfolio of
industrial property assets located in the UK to Warehouse REIT.
Hansteen notes that Warehouse REIT has confirmed that the
acquisition of the portfolio could constitute a reverse takeover
for Warehouse REIT under the AIM Rules for Companies. However, the
disposal of the portfolio will not involve a takeover of Hansteen,
or the sale of any shares in Hansteen to Warehouse REIT.
There can be no certainty that a transaction will be concluded
and a further announcement, as appropriate, will be made as soon as
practicable. If agreed, the disposal would be subject to the
approval of Hansteen's shareholders at a General Meeting.
Enquiries:
Hansteen Holdings PLC Tel: +44 (0)
Ian Watson 20 7408 7000
Morgan Jones
Tavistock Tel: +44 (0)
Jeremy Carey 20 7920 3150
Kirsty Allan
Important notices
This announcement contains inside information as stipulated
under the Market Abuse Regulation
(EU) No. 596/2014. Upon the publication of this announcement
this inside information is now considered to be in the public
domain.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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