Invista European Real Estate Trust Announcement of Suspension of Shares (8632Y)
September 11 2015 - 9:36AM
UK Regulatory
TIDMIERE
RNS Number : 8632Y
Invista European Real Estate Trust
11 September 2015
11 September 2015
INVISTA EUROPEAN REAL ESTATE TRUST SICAF
(the "Company")
Announcement of Suspension of Shares
The Board of the Company announced earlier today that the
standstill agreement in relation to certain ongoing events of
default with regard to the mezzanine loan facility provided by
Islay Investment S.à r.l., an affiliate of Blackstone Real Estate
Debt Strategies, ("Islay") had been extended for an additional
period to 11 September 2015.
However, notwithstanding the extension of the standstill
agreement the Board is now of the view that it is unlikely that
there will be any value for distribution to holders of Ordinary
Shares or Preference Shares.
The Company has therefore submitted a request to the Financial
Conduct Authority ("FCA"), pursuant to Listing Rule 5.3.1, for the
suspension of the listings of both the Ordinary Shares and the
Preference Shares (the "Suspension"). The FCA has approved the
requested Suspension which will take effect immediately.
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For further information, please contact:
Tom Chandos
c/o Internos Global Investors 020 7355 8800
This information is provided by RNS
The company news service from the London Stock Exchange
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