Business
AGM Statement
AGM Statement.
About this update from Alina Holdings Plc
[{"type":"text","content":"\n Local Shopping REIT (The) PLC\n27 February 2008\n\n27 February 2008\n\n\n\n THE LOCAL SHOPPING REIT PLC\n\n ('LSR' or the 'Company')\n\n AGM STATEMENT\n\n\n\nAt The Local Shopping REIT plc's Annual General Meeting being held today,\nGrahame Whateley, Chairman, will make the following comments:\n\n\n\n'Since our IPO in May 2007, there have been some marked changes in market\nconditions and sentiment.\n\n\n\n'We strongly believe, however, that the nature of our diversified portfolio,\nwith its highly revenue generative qualities and broad range of usage classes,\nprovides underlying strength and relative resilience. The Directors are drawing\non their many years of experience to adapt our business model appropriately to\nthese market conditions and take advantage of opportunities as they arise. They\nconsequently continue actively and prudently to assess potentially accretive\nacquisitions created by the current market conditions, to ensure that they are\nin line with our investment model and stringent acquisition criteria.\n\n\n\n'Ongoing value generation is also being maintained through our active asset\nmanagement programmes, our ability to identify and exploit development\nopportunities and through the sale of ex-growth and lower yielding properties.\nThis activity and our focused strategy ensures that we are well positioned to\nprosper and deliver future shareholder value.'\n\n\n\n\n\nFor more information please contact:\n\n\n\n\nThe Local Shopping REIT plc Tel: 020 7292 0333\nMike Riley/Nick Gregory\n\n\nFinancial Dynamics Tel: 020 7831 3113\nStephanie Highett/Richard Sunderland/Jamie Robertson\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange \n ","length":2058,"tagName":"div"}]