Portfolio purchase update
25 Août 2009 - 11:23AM
UK Regulatory
TIDMMAX
RNS Number : 9541X
Max Property Group PLC
25 August 2009
Max Property Group Plc
Portfolio purchase update
Following extensive discussions with the Receivers of Industrious Group, the
Board of Max Property Group Plc ("MPG") can now confirm that completion of the
7.6m sq ft portfolio is expected to occur by 7th October, as previously
announced.
On Friday, 21st August a claim was issued in the High Court by an interested
bondholder against the holding company of the portfolio (in receivership) and
the Security Trustee. MPG is not a named party in this
litigation. Notwithstanding this litigation, the Receivers of Industrious Group
have confirmed to MPG that the sale as referred to in MPG's announcement of 5th
August has now gone unconditional.
25 August 2009
ENQUIRIES:
+----------------------------------------------+----------------------------+
| Prestbury Investments LLP | Tel: 020 7647 7647 |
+----------------------------------------------+----------------------------+
| Nick Leslau | |
+----------------------------------------------+----------------------------+
| Mike Brown | |
+----------------------------------------------+----------------------------+
| | |
+----------------------------------------------+----------------------------+
| College Hill | Tel: 020 7457 2020 |
+----------------------------------------------+----------------------------+
| Alex Sandberg | |
+----------------------------------------------+----------------------------+
| Gareth David | |
+----------------------------------------------+----------------------------+
| | |
+----------------------------------------------+----------------------------+
| Morgan Stanley (NOMAD) | Tel: 020 7425 8000 |
+----------------------------------------------+----------------------------+
| Jonathan Lane | |
+----------------------------------------------+----------------------------+
| Mark Brooker | |
+----------------------------------------------+----------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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