Workspace Group PLC WORKSPACE COMPLETES ACQUISITION OF MCKAY (6473K)
06 Mai 2022 - 1:28PM
UK Regulatory
TIDMWKP
RNS Number : 6473K
Workspace Group PLC
06 May 2022
6 May 2022
WORKSPACE GROUP PLC
WORKSPACE COMPLETES ACQUISITION OF MCKAY SECURITIES PLC
Workspace Group PLC ('Workspace'), one of London's leading
providers of flexible office space, today announces that it has
completed the acquisition of McKay Securities plc. Following
completion, Workspace's portfolio comprises gross property assets
of GBP2.9bn with 5.5m sq. ft. of lettable space.
Graham Clemett, Chief Executive Officer of Workspace,
commented:
"This is an exciting milestone for Workspace and an acceleration
of our existing growth plans. The acquisition of McKay will enable
us to capture more of the strong demand we are seeing from SMEs for
high quality flexible office space by adding to our portfolio a
further seven London office buildings in great locations for our
customers, and a footprint in the Southeast where we see a good
opportunity to test the broader demand for our flexible offer.
McKay's attractive, liquid portfolio of industrial and logistics
assets will provide additional options for value creation for our
shareholders. As our recent trading performance demonstrates, our
offer is resonating with SMEs and our strategy is working. We are
confident about our future growth potential."
As part consideration for the transaction, Workspace has
allotted, subject to admission, 10,513,098 new ordinary shares of
GBP1 each in the capital of the Company (the "New Ordinary
Shares").
Applications have been made to the Financial Conduct Authority
("FCA") and the London Stock Exchange ("LSE") for the New Ordinary
Shares to be admitted to the premium listing segment of the
Official List of the FCA and to trading on the premium segment of
the LSE's Main Market for listed securities. It is expected that
admission of the New Ordinary Shares will become effective at 8
a.m. on 9 May 2022.The New Ordinary Shares will, when issued, be
credited as fully paid and will rank pari passu with the existing
ordinary shares.
Following admission, the Company will have 191,638,357 ordinary
shares in issue. The total voting rights in the Company will be
191,638,357 and this figure may be used by shareholders as the
denominator for the calculations by which they may determine if
they are required to notify their interest in, or a change to their
interest in, the share capital of the Company under the FCA's
Disclosure Guidance and Transparency Rules.
Unless otherwise defined, capitalised terms used in this
announcement shall have the meanings given to them in the circular
posted to shareholders of McKay Securities plc on 29 March 2022 in
relation to the acquisition by Workspace of McKay Securities
plc.
- ENDS -
For analyst and investor enquiries, please contact:
Kate Annakin, Interim Investor Relations Manager 020 7369
2370
For media enquiries, please contact:
Workspace Group PLC
Duncan Pelham, Senior Corporate Communications Manager 020 7369 2301
Finsbury Glover Hering 020 7251 3801
Chris Ryall
Guy Lamming
Notes to Editors
About Workspace Group PLC:
Established in 1987, and listed on the London Stock Exchange
since 1993, Workspace owns and manages some 4 million sq. ft. of
business space in London. We are home to London's brightest
businesses, including fast growing and established brands across a
wide range of sectors. Workspace is geared towards helping
businesses perform at their very best. We provide inspiring,
flexible work spaces in dynamic London locations.
Workspace (WKP) is a FTSE 250 listed Real Estate Investment
Trust (REIT) and a member of the European Public Real Estate
Association (EPRA).
Workspace(R) is a registered trademark of Workspace Group Plc,
London, UK.
LEI: 2138003GUZRFIN3UT430
For more information on Workspace, please visit
www.workspace.co.uk
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
ACQZZGGKMVVGZZM
(END) Dow Jones Newswires
May 06, 2022 07:28 ET (11:28 GMT)
Workspace (LSE:WKP)
Graphique Historique de l'Action
De Mar 2024 à Avr 2024
Workspace (LSE:WKP)
Graphique Historique de l'Action
De Avr 2023 à Avr 2024