Business
Statement regarding possible offer
Alternative Income REIT plc has terminated discussions regarding a possible all-share offer from AEW UK REIT plc, as the Board determined it was not in shareholders' best interests to extend the PUSU deadline. The Company remains confident in its standalone strategy, targeting an annual dividend of at least 5.6 pence per share for the financial year ending June 30, 2026, with first-quarter rent collection fully covering this dividend. For the quarter ended March 31, 2026, the portfolio valuation saw a minor decline of £50,000 to £103.45 million, with quarterly results expected in early May. The Company's debt facilities were refinanced in October, providing financing cost certainty for up to seven years. Disclaimer*
About this update from Aew Uk Reit Plc
NOT 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 OR REGULATIONS OF SUCH JURISDICTION. THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION. 21 April 2026 Alternative Income REIT plc ("AIRE" or the "Company") Statement regarding possible offer On 24 March 2026, the Board of AIRE confirmed that it had received an indicative, non-binding proposal from AEW UK REIT plc ("AEW") relating to a possible all-share offer for the entire issued and to be issued share capital of the Company (the "Possible Offer"). In accordance with Rule 2.6(a) of the Code, AEW was required by no later than 5.00 pm (London time) today either to announce a firm intention to make an offer for AIRE in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer for AIRE, in which case the announcement would be treated as a statement to which Rule 2.8 of the Code applies (the "PUSU Deadline"). The Board of AIRE has unanimously determined that it is not in the best interests of AIRE shareholders to seek an extension to the PUSU deadline, and, consequently, it has terminated all discussions with AEW. Statement from Simon Bennett, Chair of AIRE: "The Board is confident in AIRE's ability as a standalone entity to generate a secure and predictable income return, whilst maintaining capital values, by investing in UK properties, in alternative & specialist sectors. AIRE remains on track to deliver its target annual dividend of no less than 5.6 pence per share for the financial year ending 30 June 2026. All of the rent due covered from the Group's property portfolio for the first quarter of this calendar year has been collected and, subject to the continued collection of rent our dividend will be fully covered. For the quarter ended 31 March 2026, the portfolio valuation showed a small decline of £50,000 to £103.45 million and the Board expects to release its quarterly results for the period ending 31 March 2026 in accordance with its usual timetable in the week commencing 4 May 2026. The Board remains confident that following the refinancing of the Company's debt facilities with HSBC UK Bank plc in October last year and the certainty as to its financing costs for the next u...