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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Invista | LSE:INRE | London | Ordinary Share | GB00B1CKTY16 | ORD 0.01P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 14.75 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
TIDMINRE
RNS Number : 2465G
Invista Real Est Inv. Mgt Hldgs PLC
27 June 2012
27 June 2012
Hot Features
Premium
Invista Real Estate Investment Management Holdings plc
AGM Statement
Douglas Ferrans, Executive Chairman of Invista Real Estate Investment Management
Holdings plc ("Invista"), will make the following comments at today's Annual
General Meeting, to be held at the offices of Canaccord Genuity Hawkpoint Limited,
41 Lothbury, London EC2R 7AE at 2.00pm.
"Following the loss of the Lloyds Banking Group investment management mandates,
Invista announced on 12 October 2010 that the interests of both clients and
shareholders of Invista would be best served through an orderly realisation
of value from Invista's assets, including its asset management business, with
the proceeds of such realisations returned to Invista Shareholders in due course.
Since that time, Invista has sold a number of balance sheet assets and has undertaken
a simplification and downsizing of the business. GBP48 million of capital (18
pence per Ordinary Share) was returned to Invista Shareholders in June 2011.
The Board has also considered whether it might be in the interests of Invista
Shareholders for the Board to consider an offer for Invista as a whole, at a
level that represents fair value for Invista Shareholders, given the reducing
cash balances and the significant challenges and risks of continuing to hold
and manage Invista's remaining assets if acceptable prices are not forthcoming
through a realisation process.
Having considered all the options, the Board has concluded that the Palmer Capital
Offer set out in the Scheme document being posted today to Shareholders delivers
the best overall outcome for Invista's Shareholders."
For further information, please contact:-
Invista
Mark Lawson, Company Secretary +44 (0) 20 7397 3773
Canaccord Genuity Hawkpoint Limited
Edward Arkus +44 (0) 20 7665 4500
FTI Consulting
Ed Gascoigne-Pees +44 (0) 20 7269 7132
This information is provided by RNS
The company news service from the London Stock Exchange
END
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