UK COMMERCIAL
PROPERTY REIT LIMITED
(the “Company”)
LEI:
213800JN4FQ1A9G8EU25
5 October 2022
PUBLICATION OF CIRCULAR
Further to the announcement released by UK Commercial Property
REIT Limited on 10 August 2022, the
Company has today published and sent to shareholders a circular
(the "Circular") convening the extraordinary general meeting
to be held at 10.30 a.m on 25 October 2022 at the offices of
Dickson Minto at Broadgate Tower, 20
Primrose Street, London EC2A 2EW
to consider a resolution to approve the continuation of the Company
(the "Resolution").
The Board considers that the continuation of the Company is in
the best interests of the shareholders as a whole. It will
enable the continued implementation of the Company's investment
strategy including the completion of its committed developments
which will add significant rental income to its property
portfolio. The Board is therefore unanimously recommending
all Shareholders to vote in favour of the Resolution and further
details are set out in the Circular as to why the Board is making
this recommendation.
The Board intends to vote their entire beneficial holdings in
favour of the Resolution and Phoenix (being certain subsidiaries of Phoenix
Life Limited and Phoenix Life Assurance Limited), collectively the
Company's largest shareholders, accounting for 43 per cent. of the
Company's issued share capital have also committed to support the
continuation.
In accordance with rule 9.6.1 of the Listing Rules, copies of
the Circular including the Notice of General Meeting and form of
proxy have been submitted to the National Storage Mechanism and are
available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
A copy of the Circular will also be available in electronic form
on the Company's website at www.ukcpreit.com.
For further information please
contact:
Will
Fulton/Jamie Horton,
abrdn
Tel: 0131 528 4261
William
Simmonds, J.P. Morgan Cazenove
Tel: 020 7742 4000
Richard
Sunderland/Andrew
Davis/Emily Smart, FTI
Consulting
Tel: 020 3727 1000