Urban Exposure plc (UEX)
Urban Exposure plc: Update on proposed disposal and arrangements for general
meeting on 30 March 2020
26-March-2020 / 08:00 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.
26 March 2020
Urban Exposure Plc
Update on proposed disposal and arrangements for general meeting on 30 March
2020
Further to the announcement dated 10 March 2020, Urban Exposure plc (the
"Company") has received indication from Honeycomb Holdings Limited ("HHL")
that, in light of current market conditions, HHL does not wish to proceed
with the purchase of the issued share capital of Urban Exposure Lendco
Limited ("UE Lendco") on the terms of the share purchase agreement among the
Company, HHL and Urban Exposure Amco Limited ("UE Amco") dated 10 March 2020
(the "SPA").
The Company intends to continue to take all steps to complete the sale and
purchase of UE Lendco on the terms of the SPA and reserves its position to
take all measures, including, without limitation, seeking specific
performance of HHL's obligations under the SPA.
Accordingly, the Company confirms that the general meeting of shareholders
convened for 12.00 p.m. on Monday 30 March 2020 at the offices of Hogan
Lovells International LLP, Atlantic House, Holborn Viaduct, London EC1A 2FG
(the "General Meeting") to approve the proposed disposals of UE Lendco and
UE Amco will proceed as scheduled.
Given the measures currently in place in the United Kingdom to address the
COVID-19 virus, shareholders are very strongly encouraged to vote by proxy
and not to attend the General Meeting. Social distancing measures will be in
place at the General Meeting.
Any shareholder who intends to attend the General Meeting in person is asked
to contact Sophia Samaras on +44 (0)20 3128 8731 / Sophia.Samaras@mhpc.com
by 5.00 p.m. on Friday 27 March 2020 to make arrangements regarding their
attendance. For the safety of all attendees, any shareholder who has not
contacted the Company in advance to confirm his or her attendance will not
be admitted to the General Meeting.
Persons who are not shareholders of the Company will not be permitted access
to the General Meeting.
Shareholders should return their forms of proxy in respect of the General
Meeting to the Company's registrars, Equiniti Limited, Aspect House, Spencer
Road, Lancing, West Sussex BN99 6DA, as soon as possible and in any event so
as to be received no later than 12.00 p.m. on 27 March 2020. Shareholders
are reminded that proxy votes may be submitted online, using the
personalised details on the proxy forms, at www.sharevote.co.uk [1]. In
addition, scans of completed proxy forms may be sent by email to
proxyvotes@equiniti.com.
Enquiries:
Urban Exposure plc Tel: +44(0)207 408 0022
William McKee, Chairman
Randeesh Sandhu, Chief Executive Officer
Sam Dobbyn, Chief Financial Officer
Jefferies (Financial adviser and Joint Corporate Broker) Tel: +44(0)20 7029
8000
Rishi Bhuchar
Ed Matthews
James Thomlinson
William Brown
Liberum (NOMAD and Joint Corporate Broker) Tel: +44(0)203 100 2000
Neil Patel
Gillian Martin
Jonathan Wilkes-Green
Louis Davies
MHP Communications (Financial Public Relations) Tel: +44(0)203 128 8100
Charlie Barker
Patrick Hanrahan
Sophia Samaras
UrbanExposure@mhpc.com
ISIN: GB00BFNSQ303
Category Code: MSCU
TIDM: UEX
LEI Code: 213800Q7WLHGIHUFBT43
Sequence No.: 54746
EQS News ID: 1007681
End of Announcement EQS News Service
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(END) Dow Jones Newswires
March 26, 2020 04:01 ET (08:01 GMT)
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