Yew Grove REIT PLC Annual Report and Notice of AGM and EGM (1651L)

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RNS Number : 1651L

Yew Grove REIT PLC

28 April 2020

Yew Grove REIT plc

(the "Company" or "Yew Grove")

Annual Report and Notice of AGM and EGM

Yew Grove REIT plc, the AIM and Euronext Growth listed regional Irish commercial property investor, announces that a notice convening the 2020 Annual General Meeting (the "AGM") and a notice convening an Extraordinary General Meeting of the Company (the "EGM") are today being sent to shareholders. The Annual Report and Financial Statements for the year ended 31 December 2019 will be sent to shareholders on 30 April 2020. The Report and Accounts together with the notice of AGM and the notice of EGM are available for inspection on the Company's website: http://www.ygreit.com/investors/reports-and-presentations/2020

Yew Grove's AGM will be held at 12.00 p.m. on 29 May 2019 at the offices of William Fry, 2 Grand Canal Square, Dublin 2, Ireland.

An EGM will follow the AGM on 29 May 2019 to consider proposals to renew the Company's existing Share Issuance Programme (which is due to expire on 4 July 2020) so as to enable the Company to issue up to a further 100 million Ordinary Shares over the 12 month period from the date of the EGM. The proceeds of the Share Issuance Programme will be used to fund the acquisition of assets that fit the Company's investment policy.

Yew Grove REIT considers the well-being of shareholders, employees and attendees a top priority. Based on the latest available guidance from the Health Service Executive ("HSE") in Ireland, we expect the AGM and EGM to proceed on 29 May 2020, but under very constrained circumstances.

In line with the measures advised by the HSE and Irish Government recommendations on public gatherings, we plan to put in place a number of measures to minimise the risk of spreading the Coronavirus (COVID-19) at the AGM and EGM and we encourage all shareholders, on this occasion, to complete and return their Proxy Forms as soon as possible to ensure their vote is registered at the AGM and EGM and to minimise the need to attend in these unprecedented circumstances.

Given the severity of the circumstances and the health risks involved, the Directors will take all appropriate safety measures to ensure the safety of any attendees and others involved in the AGM and the EGM, including restricting attendance at the AGM and EGM, should it be deemed necessary to do so.

Updates

The Board encourages shareholders to check Regulatory Information Services and the Company's website www.ygreit.com for any updates in relation to the AGM and EGM. Shareholders are also encouraged to keep up-to-date with Government announcements and to follow HSE/World Health Organisation guidance.

Enquiries:

 
 Yew Grove REIT plc                           [phone] 
 Jonathan Laredo, Chief Executive Officer 
                                             ---------------------------------- 
 Charles Peach, Chief Financial Officer 
                                             ---------------------------------- 
 Michael Gibbons, Chief Investment Officer 
                                             ---------------------------------- 
 
 Goodbody Stockbrokers UC                     [phone] 
                                             ---------------------------------- 
 Joint Broker & Euronext Growth Advisor 
                                             ---------------------------------- 
 David Kearney, John Flynn, Edel O'Reilly, 
  Ronan Bransfield 
                                             ---------------------------------- 
 
 Liberum Capital Limited 
                                             ---------------------------------- 
 Joint Broker & Nomad                         [phone] 
                                             ---------------------------------- 
 Richard Crawley, Jamie Richards, Jonathan 
  Wilkes-Green 
                                             ---------------------------------- 
 
 IFC Advisory                                 [phone] 
                                             ---------------------------------- 
 Financial PR                                 [e-mail] 
                                             ---------------------------------- 
 Tim Metcalfe, Graham Herring 
                                             ---------------------------------- 
 

Forward-looking Statements

Certain information contained in this announcement may constitute forward looking information. This information relates to future events or occurrences or the Company's future performance. All information other than information of historical fact is forward looking information. The use of any of the words "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "should", "believe", "predict" and "potential" and similar expressions are intended to identify forward looking information. This information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. No assurance can be given that this information will prove to be correct and such forward looking information included in this announcement should not be relied upon. Forward-looking information speaks only as of the date of this announcement. The forward-looking information included in this announcement is expressly qualified by this cautionary statement and is made as of the date of this announcement. The Company and its Group does not undertake any obligation to publicly update or revise any forward-looking information except as required by applicable securities laws.

Notes to editors

Yew Grove REIT plc, quoted on the London Stock Exchange's AIM market and on the Euronext Growth Market in Dublin, is an Irish commercial real estate company invested in a diversified portfolio of Irish commercial property. Yew Grove has a particular focus on well-tenanted commercial real estate assets comprising of office and industrial assets outside of Dublin's Central Business District.

Yew Grove's highly experienced team has a proven track record in commercial property investment and asset management in Ireland and internationally and is focused on delivering results. Its investment approach is strategic, not speculative, principally on assets that are let, pre-let or to be let after refurbishment. Shareholders are provided with stable, long-term income from a diverse portfolio of commercial property comprising well-tenanted real estate in strategic centres let to Irish government entities and other state bodies, IDA Ireland supported and other FDI companies, and larger corporates.

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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April 28, 2020 06:27 ET (10:27 GMT)