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Urban Exposure plc (UEX)
Facility Signed with Aviva Investors and Year-End Lending Figures
31-Dec-2018 / 11:00 GMT/BST
Dissemination of a Regulatory Announcement that contains inside information
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
31 December 2018
Urban Exposure plc
Facility Signed with Aviva Investors and Year-End Lending Figures
Urban Exposure plc (the "Company" or "Urban Exposure"), a specialist
residential development financier and asset manager, today announces the
closing of a loan-on-loan facility with Aviva Investors of GBP32.8m. The
facility is in line with the Company's strategy to grow its Asset Management
division and is for a specific single transaction in the UK development
financing joint venture between Urban Exposure and KKR. It is anticipated
that further similar transactions will be concluded with Aviva Investors.
The loan is in addition to the GBP165m loan-on-loan facility from UBS to the
joint venture, announced by the Company earlier this month.
The Company is also in a position to advise that its committed new lending
at the year end was GBP522m following its admission to AIM on 9 May 2018.
Enquiries:
Urban Exposure plc Tel: +44 (0) 845 643 2173
Randeesh Sandhu, CEO
Liberum Capital Limited (Nominated Tel: +44 (0) 20 3100 2000
Adviser and Sole Broker)
Neil Patel
Gillian Martin
Jonathan Wilkes-Green
Louis Davies
MHP Communications (Financial Public Tel: +44 (0) 20 3128 8540
Relations)
Barnaby Fry
Charlie Barker
Patrick Hanrahan
Sophia Samaras
Notes to Editors
Urban Exposure plc is a specialist residential development finance and asset
management company that has been formed to provide finance for UK real
estate development loans. The Company focuses on two main revenue streams:
interest and fees generated on principal lending from its own balance sheet,
and asset management income generated from managing and servicing real
estate development loans financed by third parties. For additional
information, please visit Urban Exposure's website:
www.urbanexposureplc.com and on twitter @UrbanExposureuk
LinkedIn: www.linkedin.com/company/urban-exposure/ [1] and
Facebook: www.facebook.com/UrbanExposureUK/ [2]
ISIN: GB00BFNSQ303
Category Code: MSCH
TIDM: UEX
LEI Code: 213800Q7WLHGIHUFBT43
Sequence No.: 7069
EQS News ID: 762669
End of Announcement EQS News Service
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=d458ec189b97b765631f3c9aff387df7&application_id=762669&site_id=vwd_london&application_name=news
2: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=907c462a6f486d7ecff20157f1e00add&application_id=762669&site_id=vwd_london&application_name=news
(END) Dow Jones Newswires
December 31, 2018 06:01 ET (11:01 GMT)
