Workspace Group PLC Workspace Updates Post-Offer Intentions for McKay (0011N)
27 Mai 2022 - 8:00AM
UK Regulatory
TIDMWKP
RNS Number : 0011N
Workspace Group PLC
27 May 2022
27 May 2022
Workspace Group plc
THE FOLLOWING ANNOUNCEMENT IS BEING MADE PURSUANT TO THE
REQUIREMENTS OF RULE 19.6(B) OF THE CITY CODE ON TAKEOVERS AND
MERGERS (THE "CODE")
Workspace Group plc ("Workspace")
Update on Post-Offer Intentions with regard to McKay Securities
("McKay") and the light industrial asset portfolio
Workspace confirms that following significant interest, it is
considering disposing of the light industrial assets, formerly
owned by McKay, as a single portfolio.
Further to the completion of its recommended cash and share
acquisition of the entire issued and to be issued share capital of
McKay, which was effected by way of a scheme of arrangement under
Part 26 of the Companies Act 2006 on 6 May 2022 (the
"Acquisition"), the Workspace Board has decided to take certain
courses of action which differ from the statements of intent made
pursuant to Rules 2.7(c)(iv) and 24.2 of the Code (the "Stated
Intentions"), as set out in its announcement of 2 March 2022 and
the scheme document published on 29 March 2022 (together, the
"Offer Documentation").
Stated Intentions
As set out in the Offer Documentation, Workspace intended to
take advantage of attractive opportunities to recycle capital into
other assets, which may result in the disposal of certain assets,
including light industrial properties.
Revisions to Stated Intentions
Since the Scheme effective date of 6 May 2022, Workspace has
received unsolicited indications of interest from a number of
parties for the acquisition of the entire portfolio of light
industrial assets formerly owned by McKay. Workspace confirms that
it is now considering disposing of the light industrial assets.
In all other respects, Workspace's Stated Intentions are
unchanged from the statements as set out in the Offer
Documentation.
This announcement is required under Rule 19.6(b) of the
Code.
- ENDS -
For analyst and investor enquiries, please contact:
Paul Hewlett, Director of Strategy & Corporate Development
020 7138 3300
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 7073 6293
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
MSCBIGDUCBDDGDL
(END) Dow Jones Newswires
May 27, 2022 02:00 ET (06:00 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