Interim Management Statement
May 19 2010 - 12:14PM
UK Regulatory
TIDMRUGB
RNS Number : 2311M
Rugby Estates Investment Trust PLC
19 May 2010
19 May 2010
RUGBY ESTATES INVESTMENT TRUST PLC
("REIT" OR THE "GROUP")
Interim Management Statement
Since 31 December 2009, the Group's property portfolio has continued to perform
satisfactorily. There have been no material changes to the property portfolio.
On 14 May 2010, ING UK Real Estate Income Trust Limited ("ING UK RET") declared
its offer for the Company (the "Offer") to be unconditional in all respects. The
Directors of the Company resigned and were replaced by appointees of ING UK RET.
ING UK RET has obtained acceptances in respect of approximately 97% of the
Company's issued share capital, and has initiated compulsory acquisition
procedures in respect of the remaining share capital. ING UK RET has announced
its intention to de-list the Company, and de-listing is expected to occur on or
about 15 June 2010.
The results of the Group for the present financial year will be adversely
affected by costs relating to the Offer and the termination of the Group's
management agreements with Rugby Asset Management Limited.
All Enquiries:
Financial Dynamics
020 7831 3113
Stephanie Highett
Rachel Drysdale
This information is provided by RNS
The company news service from the London Stock Exchange
END
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