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Potential Disposal

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RNS Number : 9145V
Hansteen Holdings plc
26 July 2018
 


26 July 2018

 

Hansteen Holdings PLC

("Hansteen" or the "Company")

 

Potential disposal

 

Hansteen (LSE: HSTN), the industrial property investor, notes the announcement released by Warehouse REIT plc ("Warehouse REIT") today and confirms it is in discussions with Warehouse REIT regarding the potential disposal by Hansteen of a portfolio of industrial property assets located in the UK to Warehouse REIT.

Hansteen notes that Warehouse REIT has confirmed that the acquisition of the portfolio could constitute a reverse takeover for Warehouse REIT under the AIM Rules for Companies.  However, the disposal of the portfolio will not involve a takeover of Hansteen, or the sale of any shares in Hansteen to Warehouse REIT. 

There can be no certainty that a transaction will be concluded and a further announcement, as appropriate, will be made as soon as practicable. If agreed, the disposal would be subject to the approval of Hansteen's shareholders at a General Meeting.

 

Enquiries:

 

Hansteen Holdings PLC

Ian Watson

Morgan Jones

 

Tel: +44 (0) 20 7408 7000

Tavistock

Jeremy Carey

Kirsty Allan

Tel: +44 (0) 20 7920 3150

 

 

Important notices

This announcement contains inside information as stipulated under the Market Abuse Regulation

(EU) No. 596/2014. Upon the publication of this announcement this inside information is now considered to be in the public domain.


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Quick facts: Hansteen Holdings plc

Price: 116.6

Market: AIM
Market Cap: £498.23 m
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