Urban Exposure plc (UEX)
Urban Exposure plc: Statement Regarding Potential Disposal and Net Asset
Value
06-March-2020 / 07:00 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.
6 March 2020
THIS ANNOUNCEMENT INCLUDES INSIDE INFORMATION
Urban Exposure Plc
("Urban Exposure" or the "Company")
Statement Regarding Potential Disposal and Net Asset Value
On 4 March 2020, Urban Exposure announced that it is in exclusive
discussions with Pollen Street Capital ("PSC") regarding the potential
disposal of its loan book and thereafter, a connected sale of the Company's
asset management business (the "Potential Transactions").
These discussions are continuing and the Company hopes to be in a position
to make a further announcement regarding the Potential Transactions in the
near future.
Additionally, Urban Exposure is updating the market as to its latest
unaudited TNAV as at 31 December 2019 of GBP131.7m, equivalent to 82.7 pence
per share.
Enquiries:
Urban Exposure Plc +44 (0) 207 408
0022
Randeesh Sandhu, CEO
Sam Dobbyn, CFO
Jefferies International Limited (Financial +44 (0) 20 7548
Adviser and Joint Corporate Broker) 4576
Rishi Bhuchar
Ed Matthews
James Thomlinson
William Brown
Liberum Capital Limited (Nominated Adviser +44 (0) 20 3100
and Joint Corporate Broker) 2222
Neil Patel
Gillian Martin
MHP Communications (Financial Public +44 (0) 20 3128
Relations) 8100
Charlie Barker
Patrick Hanrahan
Sophia Samaras
UrbanExposure@mhpc.com
Camarco (PR adviser to Pollen Street Capital)
Ed Gascoigne-Pees / Jennifer Renwick
+44 (0)20 3757 4984
ed.gascoigne-pees@camarco.co.uk
- END -
ISIN: GB00BFNSQ303
Category Code: MSCH
TIDM: UEX
LEI Code: 213800Q7WLHGIHUFBT43
Sequence No.: 50829
EQS News ID: 991141
End of Announcement EQS News Service
(END) Dow Jones Newswires
March 06, 2020 02:00 ET (07:00 GMT)
© 2020 Dow Jones News
