TIDMAEWU
RNS Number : 1375U
AEW UK REIT PLC
20 October 2017
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR
DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, CANADA, JAPAN,
AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA OR THE UNITED STATES OR ANY
OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF
THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.
This announcement is an advertisement and not a prospectus.
Investors should not purchase or subscribe for any transferable
securities referred to in this announcement except on the basis of
information in the prospectus published by AEW UK REIT plc in
connection with the initial placing, initial offer for subscription
and intermediaries offer, the share issuance programme and the
admission of the Company's new ordinary shares to listing on the
premium listing segment of the Official List and to trading on the
main market for listed securities of the London Stock Exchange plc
("Admission"). A copy of the Prospectus is available, inter alia,
from www.aewukreit.com.
This announcement is not an offer to sell, or a solicitation of
an offer to acquire, securities in the United States or in any
other jurisdiction. Neither this announcement nor any part of it
shall form the basis of or be relied on in connection with or act
as an inducement to enter into any contract or commitment
whatsoever.
20 October 2017
AEW UK REIT plc
Results of Initial Issue
The Board of AEW UK REIT plc (the "Company") is pleased to
announce that the Company has raised gross proceeds of
approximately GBP28.1 million pursuant to the Initial Placing,
Initial Offer for Subscription and Intermediaries Offer (the
"Initial Issue") of the Share Issuance Programme, as described in
the prospectus published by the Company on 28 September 2017 (the
"Prospectus"). The net proceeds of the Initial Issue are expected
to be approximately GBP27.5 million.
Applications have been received under the Initial Issue for
27,911,001 Shares, which will be issued at a price of 100.5 pence
per Share.
Application has been made for the new Shares to be admitted to
trading on the Main Market of the London Stock Exchange plc and to
listing on the premium segment of the Official List of the UK
Listing Authority ("Admission"). It is expected that Admission will
become effective, and that dealings in the new Shares will
commence, at 8.00 a.m. (London time) on 24 October 2017.
Fidante Capital are acting as Sponsor, Financial Adviser and
Sole Bookrunner to the Company. Solid Solutions Associates acted as
Intermediaries Offer Advisor.
Following this issue of Shares, the Company's issued share
capital will consist of 151,558,251 Shares. Accordingly the total
number of voting rights in the Company will be 151,558,251 and 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 to their interest in, the
Company under the FCA's Disclosure Guidance and Transparency
Rules.
Terms used and not defined in this announcement shall have the
meaning given in the Prospectus unless the context otherwise
requires.
LEI: 21380073LDXHV2LP5K50
Enquiries
For further information please contact:
AEW UK Investment Management
LLP
Alex Short
Laura Elkin
Nicki Gladstone 020 7016 4880
Company Secretary 020 7954 9547
Capita Company Secretarial aewu-cosec@capita.co.uk
Services Limited
Sponsor, Financial Adviser
and Sole Bookrunner
Fidante Capital
Katie Standley 020 7832 0900
Intermediaries Offer 020 7549 1613
Enquiries intermediaries@solid-solutions.co.uk
Solid Solutions
Nigel Morris
Media Enquiries:
Temple Bar Advisory 0207 002 1510
Ed Orlebar aew@templebaradvisory.com
07738 724 630
Tom Allison 07789 998 020
Alycia MacAskill 07876 222 703
About AEW UK REIT
AEW UK REIT plc (LSE: AEWU) aims to deliver an attractive total
return to shareholders by investing predominantly in smaller
commercial properties (typically less than GBP10 million), on
shorter occupational leases in strong commercial locations across
the United Kingdom. The Company was listed on the Official List of
the UK Listing Authority and admitted to trading on the Main Market
of the London Stock Exchange on 12 May 2015. Since its IPO in May
2015, AEWU has invested a total of GBP144 million across regional
commercial property assets. It is currently invested in office,
retail, industrial and leisure assets, with a focus on active asset
management, repositioning the properties and improving the quality
of the income stream.
AEWU is currently paying an annualised dividend of 8p per
share.
About AEW UK Investment Management LLP
AEW UK Investment Management LLP is a 50:50 joint venture
between the Management Team and AEW. It employs a well-resourced
team comprising 25 individuals covering investment, asset
management, operations and strategy. It is part of AEW Group, one
of the world's largest real estate managers, with EUR58.5 billion
of assets under management as at 30 June 2017. AEW Group comprises
AEW SA and AEW Capital Management L.P., a U.S. registered
investment manager and their respective subsidiaries. In Europe, as
at 30 June 2017, AEW Group managed EUR26.0 billion in value in
properties of all types located in 15 countries, with over 380
staff.
Important Information
The information in this announcement is for background purposes
only and does not purport to be full or complete. No reliance may
be placed for any purpose on the information contained in this
announcement or its accuracy or completeness. The material set
forth herein is for information purposes only and is not intended,
and should not be construed, as an offer of securities for sale in
the United States or any other jurisdiction.
This announcement is not for publication or distribution,
directly or indirectly, in or into the United States (including its
territories and possessions, any state of the United States and the
District of Columbia), Australia, Canada, South Africa or Japan.
The distribution of this announcement may be restricted by law in
certain jurisdictions and persons into whose possession any
document or other information referred to herein comes should
inform themselves about and observe any such restriction. Any
failure to comply with these restrictions may constitute a
violation of the securities laws of any such jurisdiction.
This announcement does not contain or constitute an offer for
sale of, or the solicitation of an offer or an invitation to buy or
subscribe for, Shares to any person in the United States,
Australia, Canada, South Africa or Japan or in any jurisdiction to
whom or in which such offer or solicitation is unlawful.
The Company will not be registered under the US Investment
Company Act of 1940, as amended. In addition, the Shares referred
to herein have not been and will not be registered under the US
Securities Act of 1933 (the "Securities Act") or under the
securities laws of any state of the United States and may not be
offered or sold in the United States or to or for the account or
benefit of US persons absent registration or pursuant to an
exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act and in compliance
with any applicable State securities laws. The offer and sale of
Shares referred to herein has not been and will not be registered
under the Securities Act or under the applicable securities laws of
any state, province or territory of Australia, Canada, South Africa
or Japan. Subject to certain exceptions, the Shares referred to
herein may not be offered or sold in Australia, Canada, South
Africa or Japan or to, or for the account or benefit of, any
national, resident or citizen of Australia, Canada, South Africa or
Japan. There will be no public offer of the Shares in the United
States, Australia, Canada, South Africa or Japan.
Each of the Company, the Investment Manager, Fidante Capital and
their respective affiliates expressly disclaim any obligation or
undertaking to update, review or revise any forward-looking
statement contained in this announcement whether as a result of new
information, future developments or otherwise.
Fidante Partners Europe Limited (trading as Fidante Capital) is
authorised and regulated in the United Kingdom by the Financial
Conduct Authority, and acting exclusively for the Company and
no-one else in connection with the Initial Issue and Admission.
They will not regard any other person as their respective clients
in relation to the Initial Issue and Admission and will not be
responsible to anyone other than the Company for providing the
protections afforded to their respective clients, nor for providing
advice in relation to the Initial Issue and Admission, the contents
of this announcement or any transaction, arrangement or other
matter referred to herein.
None of the Company, the Investment Manager, Fidante Capital or
any of their respective affiliates accepts any responsibility or
liability whatsoever for/or makes any representation or warranty,
express or implied, as to this announcement, including the truth,
accuracy or completeness of the information in this announcement
(or whether any information has been omitted from the announcement)
or any other information relating to the Company whether written,
oral or in a visual or electronic form, and howsoever transmitted
or made available or for any loss howsoever arising from any use of
the announcement or its contents or otherwise arising in connection
therewith. The Company, the Investment Manager, Fidante Capital and
their respective affiliates accordingly disclaim all and any
liability whether arising in tort, contract or otherwise which they
might otherwise have in respect of this announcement or its
contents or otherwise arising in connection therewith.
This announcement may include statements that are, or may be
deemed to be, "forward-looking statements". These forward-looking
statements involve known and unknown risks and uncertainties, many
of which are beyond the Company's control and all of which are
based on the Company's board of directors' current beliefs and
expectations about future events. These forward-looking statements
may be identified by the use of forward- looking terminology,
including the terms "believes", "estimates", "plans", "projects",
"anticipates", "expects", "intends", "may", "will" or "should" or,
in each case, their negative or other variations or comparable
terminology, or by discussions of strategy, plans, objectives,
goals, future events or intentions. These forward-looking
statements include all matters that are not historical facts.
Forward-looking statements may and often do differ materially from
actual results. Any forward-looking statements reflect the
Company's current view with respect to future events and are
subject to risks relating to future events and other risks,
uncertainties and assumptions relating to the Company's business,
the results of operations, financial condition prospects, growth
and dividend policy of the Company and the industry in which it
operates. Forward-looking statements speak only as of the date they
are made and cannot be relied upon as a guide to future
performance.
These forward-looking statements and other statements contained
in this announcement regarding matters that are not historical
facts involve predictions. No assurance can be given that such
future results will be achieved; actual events or results may
differ materially as a result of risks and uncertainties facing the
Company. Such risks and uncertainties could cause actual results to
vary materially from the future results indicated, expressed or
implied in such forward-looking statements. Forward looking
statements speak only as of the date of this announcement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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