Share Name Share Symbol Market Type Share ISIN Share Description
Lxb Retail Properties Plc LSE:LXB London Ordinary Share JE00B4MFKH73 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 1.54p 1.10p 1.98p - - - 0 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 39.7 -11.7 -6.9 - 3.00

LXB Retail Properties Plc Dissolution Order & Dissolution Return of Capital

21/05/2019 1:45pm

UK Regulatory (RNS & others)


Lxb Retail Properties (LSE:LXB)
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RNS Number : 7323Z

LXB Retail Properties Plc

21 May 2019

LXB Retail Properties Plc

(the "Company")

Dissolution Order and Dissolution Return of Capital

LXB Retail Properties Plc, the Jersey resident closed-ended real estate investment company which focused on edge of town and out of town retail assets, announces that the Royal Court of Jersey (the "Court") has today granted orders:

(i) sanctioning the dissolution of the Company ("Company Dissolution") under Article 127(2)(iv) of the Companies (Jersey) Law 1991, as amended (the "Jersey (Companies) Law"); and

(ii) as part of Company Dissolution, authorising a return of capital of GBP2,024,535 (equating to approximately 1.2p per ordinary share of no par value in the capital of the Company) to those persons entered on the register of members of the Company at the close of business on 22 May 2019 (the "Dissolution Return of Capital").

The Act of the Court in respect of Company Dissolution shall have effect upon its delivery to the Registrar of Companies of Jersey, which is expected to take place on 31 May 2019.

The following timetable sets out the expected dates of principal events:

 
                                                                  2019 
 Last day of dealings in, and for registration                  22 May 
  of transfers of, and disablement in CREST 
  of, the Ordinary Shares 
 Record date for participation in Dissolution        Close of business 
  Return of Capital                                          on 22 May 
 Suspension of admission to trading on AIM,        7.30 a.m. on 23 May 
  listing on TISE and dealings in the Ordinary 
  Shares 
 CREST accounts credited and despatch of cheques   As soon as possible 
  in respect of Dissolution Return of Capital                on 30 May 
 Expected time and date of AIM Cancellation        7.00 a.m. on 31 May 
  and TISE Delisting 
 Expected time and date of Company Dissolution      After 9.00 a.m. on 
                                                                31 May 
 

Unless otherwise defined, capitalised terms shall have the meaning given to them in the circular to shareholders dated 1 March 2019, copies of which are available on the Company's website (www.lxbproperties.com).

For further information please contact:

LXB3 Partners LLP Tel: 020 7432 7900

Tim Walton, CEO

J.P. Morgan Cazenove (NOMAD) Tel: 020 7742 4000

Bronson Albery/Paul Hewlett

Buchanan Tel: 020 7466 5000

Charles Ryland/Henry Wilson

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

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May 21, 2019 08:45 ET (12:45 GMT)

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