RE: Rugby Estates Investment Trust plc
May 17 2010 - 2:00AM
UK Regulatory
TIDMRES TIDMRUGB
RNS Number : 9827L
Rugby Estates PLC
17 May 2010
17 May 2010
Rugby Estates Plc
("Rugby Estates" or the "Group")
RE: Rugby Estates Investment Trust plc
Rugby Estates notes that the offer by ING UK Real Estate Income Trust Limited
for the whole of the issued share capital of Rugby Estates Investment Trust Plc
("REIT Plc") has been declared unconditional in all respects.
The Group will therefore shortly receive GBP3.14 million in cash for its shares
in REIT Plc.
As previously announced, the Group's management agreements with REIT Plc will
terminate on 30 June 2010, at which point the Group will receive a termination
payment of GBP600,000.
Ends
For further information, please visit www.rugbyestates.plc.uk or contact:-
+--------------------------+-----------------+----------------+
| David Tye, Chairman | Rugby Estates | 020 7016 0050 |
+--------------------------+-----------------+----------------+
| Andrew Wilson, Chief | | |
| Executive | | |
+--------------------------+-----------------+----------------+
| | | |
+--------------------------+-----------------+----------------+
| | | |
+--------------------------+-----------------+----------------+
| Simon Bennett/Laura | Fairfax I.S. | 020 7598 5368 |
| Littley | PLC | |
+--------------------------+-----------------+----------------+
| Katy Birkin | | |
| | | |
+--------------------------+-----------------+----------------+
| Stephanie Highett | Financial | 020 7831 3113 |
| Rachel Drysdale | Dynamics | |
+--------------------------+-----------------+----------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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