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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Circle Property Plc | LSE:CRC | London | Ordinary Share | JE00BYP0CK63 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 3.50 | 3.00 | 4.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMCRC
RNS Number : 7897K
Circle Property PLC
30 August 2019
30 August 2019
Circle Property Plc
("Circle" or the "Company")
Death of a Director
It is with deep regret that Circle Property Plc (AIM: CRC), announces that The Duke of Roxburghe, Non-executive Director, died on 29 August 2019 following a long battle with cancer. The Board extends its deepest condolences and sympathies to the Duke of Roxburghe's family.
John Arnold, Chief Executive of Circle Property Plc, said:
"Guy was a very valued and admired member of the Circle Property board and he will be sorely missed. We would like to extend our sincere condolences to all his family."
+44 (0)207 930 Circle Property Plc 8503 John Arnold, CEO Edward Olins, COO +44 (0)207 397 Cenkos Securities 8900 Azhic Basirov Katy Birkin +44 (0)203 897 Radnor Capital 1830 Joshua Cryer Iain Daly +44 (0)203 757 Camarco 4992 Ginny Pulbrook Tom Huddart
About Circle Property Plc
Circle is the best performing quoted UK real estate company by NAV total return (NAV growth and dividend)1 having delivered consistent returns with 86% NAV growth since IPO in 2016 in absolute terms.
Circle focusses on acquiring assets in regional cities, many of which have significant office supply constraints, and on office assets with active management potential (refurbishment opportunities, under-rented or vacant properties or short leases), rather than just maximising initial rental yields.
Circle is not a Real Estate Investment Trust (REIT) and can actively recycle proceeds from asset sales into its refurbishment and redevelopment pipeline, as well as future investment opportunities, therefore targeting a broader range of returns for shareholders, which are primarily driven by NAV growth.
As well as already delivering substantial increases in NAV, the Company's portfolio has significant reversionary potential with total estimated rental values of GBP10.34m per annum, compared to contracted rent of GBP7.61m at 31 March 2019. The Company has a portfolio of 16 regional commercial property investment and development assets in the UK valued at GBP139.2m.
(1) Source: Radnor Capital research, 31 March 2019
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.
END
BOAEAKPEDDSNEFF
(END) Dow Jones Newswires
August 30, 2019 13:20 ET (17:20 GMT)
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