Business
Court and General Meeting Results
Life Science REIT plc announced that shareholders have approved the recommended cash and share offer by The British Land Company PLC at both the Court Meeting and General Meeting held on March 19, 2026. This significant step means the necessary resolutions for the scheme of arrangement have been passed, with a substantial majority of Scheme Shareholders voting in favour of the scheme and Life Science REIT Shareholders approving the resolution to implement the scheme. The acquisition is now progressing towards completion, with the Court Sanction Hearing expected on April 16, 2026, and the scheme becoming effective on April 20, 2026. Disclaimer*
About this update from British Land Company Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.\nFOR IMMEDIATE RELEASE \n19 March 2026\nRECOMMENDED CASH AND SHARE OFFER FOR\nLIFE SCIENCE REIT PLC\nby\nTHE BRITISH LAND COMPANY PLC\nto be effected by means of a Scheme of Arrangement\nunder Part 26 of the Companies Act 2006\n \nResults of Court Meeting and General Meeting\nOn 28 January 2026, the boards of Life Science REIT plc (\"Life Science REIT\") and The British Land Company PLC (\"British Land\") announced that they had reached agreement on the terms and conditions of a recommended cash and share offer by British Land for the entire issued and to be issued share capital of Life Science REIT. The Acquisition is being implemented by way of a court-sanctioned scheme of arrangement under Part 26 of the Companies Act.\nLife Science REIT is pleased to announce that, at the Court Meeting and the General Meeting held earlier today in connection with the Acquisition:\n· the requisite majority of Scheme Shareholders voted (in person or by proxy) to approve the Scheme at the Court Meeting; and\n· the requisite majority of Life Science REIT Shareholders voted (in person or by proxy) to pass the Resolution at the General Meeting to approve the implementation of the Scheme, including the amendment to Life Science REIT's articles of association.\nAccordingly, all resolutions were duly passed.\nFull details of the resolutions are set out in the notices of the Court Meeting and General Meeting contained in the scheme document published on 20 February 2026 in connection with the Acquisition (the \"Scheme Document\") at Part 8 and Part 9, respectively. The Scheme Document is available, free of charge, subject to certain restrictions relating to persons resident in Restricted Jurisdictions, at https://disclaimer.lifesciencereit.co.uk/offer-for-the-company and on British Land's website at https://www.britishland.com/investors/offer-for-life-science-REIT.\nCapitalised terms used and not defined in this announcement have the meanings given to them in the Scheme Document. All references to times are to times in London unless otherwise stated.\nV...