Invesco Prop Inc Disposals of Property
19 Junho 2015 - 8:23AM
UK Regulatory
TIDMIPI
Invesco Property Income Trust Limited
HEADLINE: Disposals of Property
The Directors announce that contracts have been exchanged for the sale of all
the group's remaining property assets to Kildare Partners. Following completion
the Directors will implement plans for the orderly and solvent winding up of
the Company and its subsidiaries. This will include proposals, subject to the
approval of shareholders, for the cancellation of the Company's listing on the
UKLA's Official List.
The aggregate consideration was less than the amount outstanding to the lending
banks and consequently all the consideration will be paid to the lending banks,
less an amount retained to meet the expected winding up costs. Following the
payment of costs for winding up the group there will be no return to
shareholders.
The Annual Financial Report for the year ended 31 March 2015 will be published
in due course, together with a notice convening a general meeting at which
resolutions will be proposed, inter alia, for the cancellation of the Company's
listing.
All enquiries
Invesco Asset Management Ltd
Angus Pottinger
020 3753 0714
Rory Morrison
020 7543 3500
19 June 2015
END
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