Warehouse REIT PLC Investment Advisor share purchase (6638U)
November 27 2023 - 2:00AM
UK Regulatory
TIDMWHR
RNS Number : 6638U
Warehouse REIT PLC
27 November 2023
27 November 2023
Warehouse REIT plc
(the "Company" or "Warehouse REIT", together with its
subsidiaries, the "Group")
Investment Advisor share purchase
The Board of Warehouse REIT announces that on 24 November 2023
Tilstone Partners Limited (the "Investment Advisor") acquired
592,038 ordinary shares in the share capital of the Company at a
weighted average price of 83.7 pence per share for a total cost of
GBP500,000.57.
Following the purchase, the Investment Advisor and its directors
have an interest of 27.77 million ordinary shares, representing
6.5% of the Company's issued share capital.
Simon Hope, Managing Director of Tilstone Partners Limited said:
"This purchase demonstrates our commitment to and confidence in the
quality of Warehouse REIT's assets. Given the attractive return
prospects we see in the business and with shares trading
significantly below replacement value we see this as a very
compelling investment proposition."
Enquiries
Warehouse REIT plc via FTI Consulting
Tilstone Partners Limited
Simon Hope, Peter Greenslade, Jo Waddingham +44 (0) 1244 470 090
G10 Capital Limited (part of the IQEQ
Group), AIFM
Maria Glew +44 (0) 20 7397 5450
FTI Consulting (Financial PR & IR Advisor
to the Company)
Dido Laurimore, Richard Gotla, Oliver
Parsons +44 (0) 20 3727 1000
Further information on Warehouse REIT is available on its
website: http://www.warehousereit.co.uk
Notes
Warehouse REIT is a UK Real Estate Investment Trust that invests
in UK warehouses, focused on multi-let assets in industrial hubs
across the UK.
We provide a range of warehouse accommodation in key locations
which meets the needs of a broad range of occupiers. Our focus on
multi-let assets means we provide occupiers with greater
flexibility so we can continue to match their requirements as their
businesses evolve, encouraging them to stay with us for longer.
We invest in our business by selectively acquiring assets with
potential and by delivering opportunities we have created. Through
pro-active asset management we unlock the value inherent in our
portfolio, helping to capture rising rents and driving an increase
in capital values to deliver strong returns for our investors over
the long term.
Sustainability is embedded throughout our business, helping us
meet the expectations of our stakeholders today and futureproofing
our business for tomorrow.
The Company is an alternative investment fund ("AIF") for the
purposes of the AIFM Directive and as such is required to have an
investment manager who is duly authorised to undertake the role of
an alternative investment fund manager ("AIFM"). The AIFM and the
Investment Manager is currently G10 Capital Limited (Part of the
IQEQ Group).
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
ACQUSVWROOUAUAA
(END) Dow Jones Newswires
November 27, 2023 02:00 ET (07:00 GMT)
Warehouse Reit (LSE:WHR)
Historical Stock Chart
From Aug 2024 to Sep 2024
Warehouse Reit (LSE:WHR)
Historical Stock Chart
From Sep 2023 to Sep 2024