30 November 2018
AXA Property Trust Limited
Net Asset Value
30 September 2018 (Unaudited) and
Company Update
The Directors are pleased to present the unaudited Net Asset
Value of the Company as at 30 September
2018.
FUND
NAME |
NAV PER
SHARE |
NET
ASSET VALUE (£000s) |
NAV
DATE |
AXA Property Trust
Limited |
45.39 pence |
10,623 |
30 September
2018 |
The unaudited Net Asset Value as at 30
June 2018 was 45.68 pence per
share (£10.69 million).
Company Update
The shareholder who voted against the proposals to place the
Company into voluntary liquidation at the adjourned EGM held in
September 2018, has indicated he
wishes new proposals for the future strategy of the Company to be
considered by the Board and, in due course, by shareholders.
The Directors have requested that he confirms and elaborates on the
proposals with further detail, including an expanded version of the
proposed new investment policy.
As previously announced, the Board will continue to follow the
current managed wind-down strategy until such time as shareholders
approve any change. In order to support such a change, the Board
will require a proposal which is sufficiently detailed to be shared
with all shareholders for consideration and which the Board
believes could be in the best interests of the Company and its
members as a whole. The Board also remains committed to
removing the current listing suspension as soon as possible.
The Company is close to finalising the lease negotiations at the
Curno property and a further announcement is expected to be made in
December 2018.
Company website:
retail.axa-im.co.uk/axa-property-trust
All Enquiries:
Investment Manager
AXA Investment Managers UK Limited
Broker Services
7 Newgate Street
London EC1A 7NX
United Kingdom
Broker
Stifel Nicolaus Europe Limited
150 Cheapside
London EC2V 6ET
United Kingdom
Tel: +44 (0)20 7710 7600
Company Secretary
Northern Trust International Fund
Administration Services (Guernsey)
Limited
PO Box 255
Trafalgar Court
Les Banques
St Peter Port
Guernsey GY1 3QL
Channel Islands