Alpha Real Trust Limited IMPT Debt Redemption (1787B)
March 31 2017 - 6:12AM
UK Regulatory
TIDMARTL TIDMIMPT TIDMHSTN
RNS Number : 1787B
Alpha Real Trust Limited
31 March 2017
31 March 2017
ALPHA REAL TRUST LIMITED ("ALPHA REAL TRUST" OR THE
"COMPANY")
Alpha Real Trust wishes to announce that it has yesterday
received from Industrial Multi Property Trust plc ("IMPT") a notice
of intention to redeem all of the outstanding unsecured
subordinated debt provided by Alpha Real Trust to IMPT. The value
of the unsecured subordinated debt as of 31 December 2016 was
GBP10.3 million, and the redemption notice is for a total amount of
GBP10.9 million, which includes outstanding interest of GBP0.3
million and an exit fee of GBP0.2 million.
Alpha Real Trust notes the update on loan facilities released by
IMPT earlier today and Alpha Real Trust requests that IMPT provides
independent evidence that the terms of the Hansteen Loan Facility
are on an 'arm's length' basis as this facility is provided by a
related party.
Alpha Real Trust also awaits an opportunity for shareholders to
consider the notice of extraordinary general meeting that Alpha
Real Trust requested on 21 March 2017.
For further information please contact:
Alpha Real Trust Limited
David Jeffreys, Chairman, Alpha Real Trust +44 (0) 1481 231 100
Brad Bauman, Joint Fund Manager, Alpha Real Trust +44 (0) 20 7391 4700
Panmure Gordon, Broker to the Company
Richard Gray / Andrew Potts +44 (0) 20 7886 2500
This information is provided by RNS
The company news service from the London Stock Exchange
END
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