Hansteen Holdings plc Potential Disposal (9145V)

TIDMHSTN

RNS Number : 9145V

Hansteen Holdings plc

26 July 2018

26 July 2018

Hansteen Holdings PLC

("Hansteen" or the "Company")

Potential disposal

Hansteen (LSE: HSTN), the industrial property investor, notes the announcement released by Warehouse REIT plc ("Warehouse REIT") today and confirms it is in discussions with Warehouse REIT regarding the potential disposal by Hansteen of a portfolio of industrial property assets located in the UK to Warehouse REIT.

Hansteen notes that Warehouse REIT has confirmed that the acquisition of the portfolio could constitute a reverse takeover for Warehouse REIT under the AIM Rules for Companies. However, the disposal of the portfolio will not involve a takeover of Hansteen, or the sale of any shares in Hansteen to Warehouse REIT.

There can be no certainty that a transaction will be concluded and a further announcement, as appropriate, will be made as soon as practicable. If agreed, the disposal would be subject to the approval of Hansteen's shareholders at a General Meeting.

Enquiries:

 
 Hansteen Holdings PLC   Tel: +44 (0) 
  Ian Watson              20 7408 7000 
  Morgan Jones 
 Tavistock                Tel: +44 (0) 
  Jeremy Carey            20 7920 3150 
  Kirsty Allan 
 

Important notices

This announcement contains inside information as stipulated under the Market Abuse Regulation

(EU) No. 596/2014. Upon the publication of this announcement this inside information is now considered to be in the public domain.

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 [e-mail] or visit www.rns.com.

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July 26, 2018 09:21 ET (13:21 GMT)