TIDMBWP
RNS Number : 6111G
BWP REIT PLC
16 November 2022
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, OR IN OR INTO, THE UNITED STATES,
AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION
WHERE SO TO DO WOULD OR MIGHT CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.
THIS ANNOUNCEMENT IS AN ADVERTISEMENT AND NOT A PROSPECTUS FOR
THE PURPOSES OF THE UK VERSION OF REGULATION (EU) 2017/1129, WHICH
FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION
(WITHDRAWAL) ACT 2018 OR AN ADMISSION DOCUMENT AND DOES NOT
CONSTITUTE AN OFFER OF SECURITIES FOR SALE OR SUBSCRIPTION IN ANY
JURISDICTION, INCLUDING (WITHOUT LIMITATION) THE UNITED STATES,
AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA. INVESTORS SHOULD NOT
SUBSCRIBE FOR, OR OTHERWISE PURCHASE, ACQUIRE, SELL OR DISPOSE OF,
ANY OF THE SECURITIES REFERRED TO IN THIS ANNOUNCEMENT EXCEPT ON
THE BASIS OF THE INFORMATION CONTAINED IN THE ADMISSION DOCUMENT
PUBLISHED BY THE COMPANY.
BWP REIT PLC
ADMISSION AND FIRST DAY OF DEALINGS ON IPSX WHOLESALE FOLLOWING
GBP35 MILLION CAPITAL RAISE
LANDMARK LEEDS OFFICE BECOMES THIRD COMPANY TO HAVE SHARES
ADMITTED TO TRADING ON IPSX
16 November 2022
BWP REIT PLC ("BWP REIT" or the "Company"), a newly formed
single asset company established to acquire Bridgewater Place
("Bridgewater Place" or the "Property"), an office-led mixed use
property situated in a prime location in central Leeds, is pleased
to announce that its ordinary shares with a nominal value of 10
pence each ("Ordinary Shares") have today been admitted to trading
on the Wholesale segment of the International Property Securities
Exchange ("IPSX") ("Admission"). Dealings in the Ordinary Shares
will commence at 9.00 am today. In total, 35,050,000 Ordinary
Shares have been admitted to trading on the Wholesale segment of
IPSX.
Completion of the acquisition of the Property has also taken
place automatically on Admission.
The Ordinary Shares will trade under the ticker 'BWP'. The ISIN
number of the Ordinary Shares is GB00BQ1NFW69 and the SEDOL code is
BQ1NFW6.
WH Ireland Limited ("WH Ireland") acted as IPSX Lead Adviser and
Settlement Agent.
BWP REIT becomes the third company to be admitted to trading on
IPSX. The platform is a FCA Regulated Investment Exchange and the
world's first such exchange dedicated to single asset real estate
companies and those owning multiple assets with commonality. IPSX
Wholesale is reserved for institutional and qualified professional
investors, while the IPSX Prime segment of the market is open to
all investors and aims to give retail investors the ability to
acquire tradable shares in institutional quality real estate
assets.
FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:
M7 Real Estate Financial Services Ltd (via FTI Consulting below)
(AIFM)
Richard Croft, David Ebbrell, Tony Edgley
WH Ireland Limited (IPSX Lead Adviser T: 020 7220 1666
and Settlement Agent)
Advisory - Chris Hardie, Darshan Patel,
Sarah Mather, Andrew de Andrade
FTI Consulting (PR Adviser) Tel: 020 3727 1000
Richard Sunderland, Eve Kirmatzis, Oliver E: M7@FTIConsulting.com
Parsons
Further information on the Company can be found on its website
www.bwpreit.com .
Important notice
The content of this announcement, which has been prepared by and
is the sole responsibility of the Company, has been approved by M7
Real Estate Financial Services Ltd (which is authorised and
regulated by the Financial Conduct Authority) solely for the
purposes of section 21(2)(b) of the Financial Services and Markets
Act 2000, as amended.
This announcement is being issued in the United Kingdom to
and/or is directed only at persons who are professional clients or
eligible counterparties for the purposes of the FCA's Conduct of
Business Sourcebook. The opportunity to invest in the Company is
only available to such persons in the United Kingdom and this
announcement must not be relied or acted upon by any other persons
in the United Kingdom.
This announcement does not constitute an offer or recommendation
concerning the Ordinary Shares. Any prospective investor must carry
out their own due diligence and should form their own assessment,
and is recommended to consult an independent professional adviser
as to the suitability of the Ordinary Shares and evaluate all
matters addressed herein.
The information contained in this announcement is for background
purposes only and does not purport to be full or complete. No
reliance may be placed for any purpose on the information contained
in this announcement or its accuracy, fairness or completeness.
The distribution of this annoucement and/or any offer, sale or
purchase of, or application to subscribe for, the Ordinary Shares
may in certain jurisdictions be restricted by law. Prospective
investors and persons into whose posession any document or other
information referred to herein are required to inform themselves
about, and observe, any such restrictions. It is the responsibility
of each prospective investor to satisfy itself as to full
compliance with the applicable laws and regulations of any relevant
jurisdiction, including obtaining any requisite governmental,
regulatory or other consent and observing any other formality
presented in such jurisdiction. Neither this announcement nor the
information contained herein is for publication, distribution or
release, in whole or in part, directly or indirectly, in or into,
the United States (including its territories and possessions, any
State of the United States and the District of Columbia),
Australia, Canada, Japan, South Africa or any other jurisdiction
where to do so would constitute a violation of the relevant laws of
such jurisdiction.
This announcement does not constitute or form a part of any
offer or solicitation to purchase or subscribe for securities in
the United States, Australia, Canada, Japan, South Africa or any
other jurisdiction where such offer or sale would be unlawful. The
Ordinary Shares mentioned herein have not been, and will not be,
registered under the United States Securities Act of 1933, as
amended (the " Securities Act "), or with any securities regulatory
authority of any state or other jurisdiction in the United States.
The Ordinary Shares may not be offered or sold in the United States
except pursuant to an exemption from, or in a transaction not
subject to, the registration requirements of the Securities Act. No
public offering of securities is being or will be made in the
United States.
This announcement includes statements that are, or may be deemed
to be, "forward-looking statements". These forward-looking
statements may be identified by the use of forward-looking
terminology, including the terms "believes", "estimates", "plans",
"projects", "anticipates", "expects", "intends", "may", "will" or
"should" or, in each case, their negative or other variations or
comparable terminology, or by discussions of strategy, plans,
objectives, goals, future events or intentions. These statements
reflect beliefs of the Directors (including based on their
expectations arising from pursuit of the Company's strategy) as
well as assumptions made by the Directors and information currently
available to the Group. Although the Directors consider that these
beliefs and assumptions are reasonable, by their nature,
forward-looking statements involve known and unknown risks,
uncertainties, assumptions and other factors that may cause the
Group's actual financial condition, results of operations, cash
flows, liquidity or prospects to be materially different from any
future such metric expressed or implied by such statements. Past
performance cannot be relied upon as a guide to future performance
and should not be taken as a representation that trends or
activities underlying past performance will continue in the future.
Forward-looking statements speak only as of the date they are made.
No representation is made or will be made that any forward-looking
statements will come to pass or prove to be correct.
WH Ireland, which is authorised and regulated in the United
Kingdom by the FCA, is acting exclusively as Lead Adviser for the
Company and no-one else in connection with the Issue and Admission
and will not regard any other persons as its client in relation to
the Issue and Admission and will not be responsible to anyone other
than the Company for providing the protections afforded to clients
of WH Ireland, nor for providing advice in connection with the
Issue and Admission or any other matter or arrangement referred to
in this announcement.
No key information document has been prepared in respect of this
annnouncement or the Ordinary Shares in accordance with Regulation
(EU) No 1286/2014 on key information documents for packaged retail
and insurance-based investment products (PRIIPs) (and in the case
of the United Kingdom, such regulation as it forms part of UK
domestic law by virtue of the European Union (Withdrawal) Act
2018). Accordingly, the Ordinary Shares are not available to, and
no person may advise on, offer or sell Ordinary Shares for, or to,
any retail client (as defined in MiFID II) in the European Economic
Area or the United Kingdom.
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(END) Dow Jones Newswires
November 16, 2022 03:52 ET (08:52 GMT)