Urban Exposure plc: Launch of 6.5 % secured sterling bonds due 2026 (841459)

 
 Urban Exposure plc (UEX) 
Urban Exposure plc: Launch of 6.5 % secured sterling bonds due 2026 
 
15-Jul-2019 / 17:55 GMT/BST 
Dissemination of a Regulatory Announcement that contains inside information 
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
            15 July 2019 
 
         The information contained herein may only be released, published or 
distributed in the United Kingdom, the Republic of Ireland, the Isle of Man, 
          Jersey and the Bailiwick of Guernsey in accordance with applicable 
        regulatory requirements. The information contained herein is not for 
          release, publication or distribution in or into the United States, 
Australia, Canada, Japan, South Africa or in any other jurisdiction where it 
            is unlawful to distribute this document. 
 
    This announcement is released by Urban Exposure Finance Plc and contains 
        inside information for the purposes of Article 7 of the Market Abuse 
            Regulation (EU) 596/2014 (MAR). 
 
  MiFID II retail investors, professional investors and ECPs target market - 
        Manufacturer target market (MIFID II product governance) is eligible 
counterparties and professional clients (all distribution channels) and also 
            retail clients (all distribution channels). 
 
            SEE "IMPORTANT INFORMATION" BELOW 
 
      URBAN EXPOSURE PLC 
 
      URBAN EXPOSURE FINANCE PLC 
 
      LAUNCH OF 6.5 % SECURED STERLING BONDS DUE 2026 
 
    Urban Exposure Finance Plc (the "Company"), a wholly owned subsidiary of 
           Urban Exposure Plc ("Urban Exposure"), the specialist residential 
     development finance and asset management company, announces that it has 
       today launched an offer of 6.5% sterling bonds due 6 August 2026 (the 
            "Bonds"). 
 
     The Bonds are available to retail investors and are being issued by the 
    Company to originate loans which fulfil certain eligibility criteria, as 
      more particularly described in the base prospectus dated 15 July 2019. 
 
    The Bonds will bear a fixed rate of interest of 6.5% per annum. Interest 
   will be payable semi-annually in arrear in equal instalments. At any time 
     during the life of the Bonds, investors are permitted to sell the Bonds 
    (within market hours and in normal market conditions) on the open market 
  through their stockbroker. The Bonds will be guaranteed by Urban Exposure. 
 
  The Bonds are expected to be listed on the Official List of the UK Listing 
     Authority and admitted to trading on the regulated market of the London 
   Stock Exchange. The Bonds are also expected to be eligible for the London 
         Stock Exchange's electronic Order Book for Fixed Income Securities. 
 
            Peel Hunt LLP is acting as Sole Lead Manager on this issue. 
 
            The Authorised Offerors are: 
 
  · AJ Bell Securities Limited 
 
  · Equiniti Financial Services Limited 
 
  · Redmayne-Bentley LLP 
 
      The Bonds have a minimum initial subscription amount of GBP2,000 and are 
             available in multiples of GBP100 thereafter. 
 
 The offer period is now open and is expected to close at 12pm (London time) 
 on 30 July 2019. The Sole Lead Manager retains the right to close the offer 
            early, in conjunction with the Issuer. 
 
For further information, please contact: 
 
Urban Exposure Plc                     Tel: [phone] 
Randeesh Sandhu, CEO 
Sam Dobbyn, CFO                        Tel: [phone] 
 
Peel Hunt LLP (Sole Lead Manager) 
 
Patrick King 
 
Scott Beattie 
MHP Communications (Financial Public   Tel: [phone] 
Relations) 
Charlie Barker 
Patrick Hanrahan 
Sophia Samaras 
 
About Urban Exposure 
 
Urban Exposure Plc is a specialist residential development finance and asset 
      management company that has been formed to provide finance for UK real 
    estate development loans. Urban Exposure Plc focuses on two main revenue 
      streams: interest and fees generated on principal lending from its own 
      balance sheet; and asset management income generated from managing and 
          servicing real estate development loans financed by third parties. 
 
About the Bonds 
 
· The Bonds may not be suitable for all investors. Investors should ensure 
they fully understand the risks and seek independent financial advice. 
 
· Investors should note that the market price of the Bonds can rise and 
fall during the life of the investment and the price of the Bonds could 
fall below the issue price of GBP100. 
 
· In the event that the company or Urban Exposure becomes insolvent or 
goes out of business, investors may lose some or all of their investment. 
 
IMPORTANT INFORMATION 
 
       This announcement is an advertisement and is not a prospectus for the 
      purposes of EU Directive 2003/71/EC, as amended, and/or Part VI of the 
     Financial Services and Markets Act 2000 (the "FSMA"). A base prospectus 
   dated 15 July 2019 (the "Base Prospectus"), together with the final terms 
         dated 15 July 2019 (the "Final Terms"), have been prepared and made 
available to the public as required by Part VI of the FSMA. Investors should 
  not subscribe for any Bonds referred to in this announcement except on the 
basis of information in the Prospectus and Final Terms, taken together. Full 
 information on Urban Exposure Plc, Urban Exposure Finance Plc and the offer 
  of the Bonds is only available on the basis of the combination of the Base 
   Prospectus and the Final Terms which have been published by the Issuer on 
  the Regulatory News Service operated by the London Stock Exchange ("RNS"), 
   and an announcement expected to be published on or around 30 July 2019 by 
the Issuer on RNS setting out the aggregate principal amount of the Bonds to 
   be issued (the "Sizing Announcement"). Investors may obtain copies of the 
Base Prospectus, Final Terms and the Sizing Announcement (once published) on 
            the website of RNS. 
 
   The restriction on financial promotions contained in section 21(1) of the 
 Financial Services and Markets Act 2000 does not apply to this announcement 
  by virtue of article 70(1A) of the Financial Services and Markets Act 2000 
            (Financial Promotion) Order 2005, as amended. 
 
The offering and the distribution of this announcement and other information 
  in connection with any offer in certain jurisdictions may be restricted by 
  law and persons into whose possession this announcement or any document or 
   other information referred to herein comes should inform themselves about 
          and observe any such restriction. Any failure to comply with these 
  restrictions may constitute a violation of the securities laws of any such 
            jurisdiction. 
 
          This announcement does not constitute or form part of any offer or 
 invitation to sell, or any solicitation of any offer to purchase any Bonds. 
Any purchase of Bonds pursuant to any offer should only be made on the basis 
      of the information contained in the Prospectus, available as described 
            above. 
 
  The Bonds have not been and will not be registered under the United States 
  Securities Act of 1933 (as amended) (the "Securities Act") and, subject to 
 certain exceptions, may not be offered, sold or delivered within the United 
    States or to or for the account or benefit of United States persons. The 
Bonds are being offered and sold outside of the United States in reliance on 
            Regulation S of the Securities Act 
 
ISIN:          GB00BFNSQ303 
Category Code: MSCM 
TIDM:          UEX 
LEI Code:      213800Q7WLHGIHUFBT43 
Sequence No.:  13478 
EQS News ID:   841459 
 
End of Announcement EQS News Service 
 
 

(END) Dow Jones Newswires

July 15, 2019 12:55 ET (16:55 GMT)