29 Mar 2019 10:03
UK Commercial Property REIT Ltd - Update on REIT ConversionUK Commercial Property REIT Ltd - Update on REIT Conversion
PR Newswire
London, March 29
F&C COMMERCIAL PROPERTY TRUST LIMITED
LEI: 213800A2B1H4ULF3K397
29 March 2019
UPDATE ON REIT CONVERSION
As noted in the interim report for the period ended 30 June 2018, the Board is proposing that the Company and its subsidiaries take the necessary steps to enter into the UK REIT regime (the "Proposals").
The Board has been progressing the necessary documentation in relation to the Proposals. The completion of the Proposals will be subject to regulatory, bank and shareholder approval.
Whilst positive progress has been made on gaining the necessary approvals, the Company is now aiming for the REIT conversion to take place during the second quarter of 2019.
For further information please contact:
Richard KirbyScott MacraeBMO REP Asset Management plcTel: 0207 499 2244
The Company SecretaryNorthern Trust International Fund Administration Services (Guernsey) LimitedTrafalgar CourtLes BanquesSt Peter PortGuernsey GY1 3QLTel: 01481 745001