LXB Retail Properties Plc Disposal of Leisure Investment at Stafford (1672A)
07 Setembro 2018 - 10:30AM
UK Regulatory
TIDMLXB
RNS Number : 1672A
LXB Retail Properties Plc
07 September 2018
7 September 2018
LXB Retail Properties Plc
(the "Company" or the "Group")
Disposal of Leisure Investment at Stafford
LXB Retail Properties Plc, the Jersey resident closed-ended real
estate investment company focused on edge of town and out of town
retail assets, is pleased to announce that the Group has today
completed the sale of its leisure investment at Stafford. The Group
has received net cash proceeds of GBP8.0m which is in line with the
Board's expectations when it provided its most recent NAV guidance
in the Group's Interim Report.
It is expected that a Committee of the Board will meet in due
course to consider a further cash return to shareholders.
For further information please contact:
LXB Partners LLP Tel: 020 7432 7900
Tim Walton, CEO
Brendan O'Grady, FD
J.P. Morgan Cazenove (NOMAD) Tel: 020 7742 4000
Bronson Albery/Paul Hewlett
Buchanan Tel: 020 7466 5000
Charles Ryland/Henry Wilson
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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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September 07, 2018 09:30 ET (13:30 GMT)
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