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Share Name Share Symbol Market Type Share ISIN Share Description
Urban Exposure Plc LSE:UEX London Ordinary Share GB00BFNSQ303 ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 69.00 68.00 70.00 69.00 69.00 69.00 0.00 08:00:07
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate 11.1 0.2 0.1 766.7 114

Urban Exposure PLC Company Update

01/10/2020 7:00am

UK Regulatory (RNS & others)


Urban Exposure (LSE:UEX)
Historical Stock Chart


From Sep 2020 to Oct 2020

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TIDMUEX

RNS Number : 6965A

Urban Exposure PLC

01 October 2020

1 October 2020

THIS ANNOUNCEMENT INCLUDES INSIDE INFORMATION AS DEFINED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014

Urban Exposure Plc

Company Update

On 22 September 2020, Urban Exposure PLC ("the Group") announced that it expected shareholder returns from the Group's wind down strategy to be within a range of between 72p-78p per ordinary share and provided an estimate as to the timing of proceeds. At the time of that update, the Group had a cash balance of GBP51m, of which it expected approximately GBP26m to be distributed to shareholders within a 2 month time frame. At that date, the Group had also reduced its forecast capital drawdown obligations to approximately GBP10.2m.

Following further repayments, the Group is pleased to announce that its cash balance is now GBP65.5m, of which it expects to distribute approximately GBP43m within the next 2 months. The nature and timing of this capital return will be announced in due course. In addition, the Group's forecast capital drawdown obligations have further reduced to approximately GBP7.7m.

Enquiries:

Urban Exposure plc Tel: +44(0) 207 408 0022

Graham Warner, Chairman

Sam Dobbyn, Chief Executive Officer

Liberum (NOMAD and Corporate Broker) Tel: +44(0)203 100 2000

Neil Patel

Gillian Martin

Louis Davies

Nikhil Varghese

UrbanExposure@liberum.com

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October 01, 2020 02:00 ET (06:00 GMT)

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