Custodian REIT plc : Change of name (1506649)
December 07 2022 - 2:00AM
UK Regulatory
Custodian REIT plc (CREI) Custodian REIT plc : Change of name
07-Dec-2022 / 07:00 GMT/BST Dissemination of a Regulatory
Announcement that contains inside information in accordance with
the Market Abuse Regulation (MAR), transmitted by EQS Group. The
issuer is solely responsible for the content of this
announcement.
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7 December 2022
Custodian REIT plc (now called Custodian Property Income REIT
plc)
("the Company")
Change of name
Custodian REIT plc (LSE: CREI), which seeks to deliver a strong
income return by investing in a diversified portfolio of smaller
regional properties across the UK, announces that it has changed
its name to Custodian Property Income REIT plc with immediate
effect.
The Board believes the new name better reflects the Company's
primary focus on and track record of generating income returns for
shareholders and expects the change to make the Company's shares
more prominent to retail investors, particularly those accessing
via online platforms.
It is expected that the Company's shares will trade under the
new name on the London Stock Exchange with effect from 8.00 am on 8
December 2022.
The Company's trading instrument display mnemonic ("CREI"), the
ISIN and SEDOL numbers and the Company's website (
custodianreit.com) will remain unchanged.
The name change was approved by shareholders at the Company's
AGM on 31 August 2022.
Shareholders are unaffected by the change of name and existing
share certificates should be retained and will remain valid. The
investment policy remains unchanged with Richard Shepherd-Cross
continuing to act as Investment Manager.
Richard Shepherd-Cross, Managing Director of Custodian Capital
Limited, said: "We believe the change of name to Custodian Property
Income REIT plc gives investors a much clearer understanding of the
Company's aim to provide shareholders with long term asset backed
income and of our investment strategy. We believe this is
particularly important in the current environment where investors
are seeking secure and growing income streams as a hedge against
inflation. It also reflects our continued emphasis on providing
full transparency to our existing shareholders while at the same
time aiming to drive liquidity in our shares by attracting new
investors."
- Ends -
Further information:
Further information regarding the Company can be found by
contacting:
Custodian Capital Limited
Richard Shepherd-Cross / Ed Moore / Ian Mattioli MBE Tel: +44 (0)116 240 8740
www.custodiancapital.com
Numis Securities Limited
Hugh Jonathan / Nathan Brown Tel: +44 (0)20 7260 1000
www.numis.com/funds
FTI Consulting
Richard Sunderland / Ellie Sweeney / Andrew Davis Tel: +44 (0)20 3727 1000
custodianreit@fticonsulting.com
Notes to Editors
Custodian Property Income REIT plc is a UK real estate
investment trust, which listed on the main market of the London
Stock Exchange on 26 March 2014. Its portfolio comprises properties
predominantly let to institutional grade tenants on long leases
throughout the UK and is principally characterised by properties
with individual values of less than GBP10m at acquisition.
The Company offers investors the opportunity to access a
diversified portfolio of UK commercial real estate through a
closed-ended fund. By principally targeting sub GBP15m lot-size,
regional properties, the Company seeks to provide investors with an
attractive level of income with the potential for capital
growth.
Custodian Capital Limited is the discretionary investment
manager of the Company.
For more information visit custodianreit.com and
custodiancapital.com.
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ISIN: GB00BJFLFT45
Category Code: MSCH
TIDM: CREI
LEI Code: 2138001BOD1J5XK1CX76
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.: 206665
EQS News ID: 1506649
End of Announcement EQS News Service
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