Alternative Income REIT PLCLSE: AIRE

Alternative Income REIT: Further financing update

· Issued by Alternative Income REIT PLC via RNS

Summary by 6ix AI

Alternative Income REIT PLC (AIRE) and HSBC UK Bank plc have entered into a waiver and amendment letter under which HSBC consents to the change of control of AIRE and its subsequent de-listing from the London Stock Exchange, under their £41 million facility agreement dated September 2, 2025.

Key details

  • The change of control arose when the all-cash offer by Glenstone REIT plc for AIRE was declared unconditional.
  • HSBC had earlier sent AIRE a reservation of rights letter (a notice that the bank was keeping its options open) over the facility, as AIRE disclosed on September 14, 2026.
  • Under the waiver letter, HSBC has agreed, among other things, to fund future drawings under the facility despite the change of control.
  • HSBC has also agreed to waive any right it may have to demand repayment of amounts outstanding under the facility as a result of, or in connection with, the change of control.

6ix AI wrote this summary from the release below and checked it against the release.

On 6ix: 6ix.com/news/further-financing-update

Alternative Income REIT PLC
28 October 2026
 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

FOR IMMEDIATE RELEASE

28 October 2026

ALTERNATIVE INCOME REIT PLC

("AIRE" or the "Company")

Further financing update

As noted in the announcement made by AIRE on 14 September 2026, AIRE received a reservation of rights letter from HSBC UK Bank plc ("HSBC") in relation to the £41 million facility agreement dated 2 September 2025 between, amongst others, the Company and HSBC (the "Facility Agreement") (the "Reservation of Rights Letter"). The Reservation of Rights Letter had been issued by HSBC following the all-cash offer by Glenstone REIT plc being declared unconditional, which constituted a change of control for the purposes of the Facility Agreement (the "Change of Control").

The Board of directors of AIRE is pleased to confirm that AIRE and HSBC have now entered into a waiver and amendment letter to the Facility Agreement (the "Side Letter") pursuant to which HSBC has given its consent to the Change of Control and the subsequent de-listing of the Company from the London Stock Exchange. Under the terms of the Side Letter, HSBC has agreed, amongst other things, to fund future utilisations under the Facility Agreement, notwithstanding the Change of Control, and to waive any right it may have to request repayment of any amounts outstanding under the Facility Agreement as a result of, or in connection with, the Change in Control.

Enquiries:

Alternative Income REIT PLC

via AIRE's company secretary, Hanway Advisory

Adam Smith

Robert Maybury

Benjamin Green

Hanway Advisory Limited (AIRE's company secretary)

+44 (0)20 7409 0181

aire.cosec@jtcgroup.com

Inside information

This announcement contains inside information as defined in the Market Abuse Regulation. Upon the publication of this announcement via a Regulatory Information Service, such inside information will be considered to be in the public domain.

The person responsible for arranging the release of this announcement on behalf of AIRE is Rob Maybury. AIRE's LEI number is 213800MPBIJS12Q88F71.

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