Business
Notice Served on Manager and Strategic Review
Notice Served on Manager and Strategic Review.
About this update from Alternative Income Reit Plc
[{"type":"text","content":"\n \nRNS Number : 7536V AEW UK Long Lease REIT PLC 10 April 2019 \n\nAEW UK Long Lease REIT plc (\"AEWL\" or \"the Group\")\nLEI: 213800MPBIJS12Q88F71\n \n \n \n10 April 2019\n \nIn view of the sub-scale size of the Group, its performance since IPO, and the recent news in respect of Meridian Metal Trading Limited, the Board is reviewing the options for the future of AEWL.\n \nThe Board will seek to achieve value for shareholders either by expanding the Group's equity and asset base to achieve full dividend cover, considering offers from interested parties, or by selling the Group's portfolio and returning funds to shareholders.\n \nTo ensure that all options can be considered, the Board has today served protective notice of termination of the investment management agreement with AEW UK Investment Management LLP (which will expire on 9th April 2020). Ultimately, after all options have been considered, the Board may decide to continue to pursue the Group's existing strategy with AEW UK Investment Management LLP.\n \nFurther announcements will be made in due course.\n \nThis announcement contains Inside Information as defined under the Market Abuse Regulation (EU) No. 596/2014.\n \nFor further information, please contact:\nAEW UK Long Lease REIT plc\nSteve Smith, Chairman +44 (0)7787 238 223\n \nCenkos Securities plc\nSapna Shah +44 (0)20 7397 1922\nTom Scrivens +44 (0)20 7397 1915\n \n \n\nThis 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. END MSCVBLBFKZFEBBL\n ","length":3140,"tagName":"div"}]