INRE Invista

TIDMINRE

RNS Number : 2465G

Invista Real Est Inv. Mgt Hldgs PLC

27 June 2012

27 June 2012

 
                Invista Real Estate Investment Management Holdings plc 
                                    AGM Statement 
Douglas Ferrans, Executive Chairman of Invista Real Estate Investment Management 
 Holdings plc ("Invista"), will make the following comments at today's Annual 
 General Meeting, to be held at the offices of Canaccord Genuity Hawkpoint Limited, 
 41 Lothbury, London EC2R 7AE at 2.00pm. 
 "Following the loss of the Lloyds Banking Group investment management mandates, 
 Invista announced on 12 October 2010 that the interests of both clients and 
 shareholders of Invista would be best served through an orderly realisation 
 of value from Invista's assets, including its asset management business, with 
 the proceeds of such realisations returned to Invista Shareholders in due course. 
 Since that time, Invista has sold a number of balance sheet assets and has undertaken 
 a simplification and downsizing of the business. GBP48 million of capital (18 
 pence per Ordinary Share) was returned to Invista Shareholders in June 2011. 
 The Board has also considered whether it might be in the interests of Invista 
 Shareholders for the Board to consider an offer for Invista as a whole, at a 
 level that represents fair value for Invista Shareholders, given the reducing 
 cash balances and the significant challenges and risks of continuing to hold 
 and manage Invista's remaining assets if acceptable prices are not forthcoming 
 through a realisation process. 
 Having considered all the options, the Board has concluded that the Palmer Capital 
 Offer set out in the Scheme document being posted today to Shareholders delivers 
 the best overall outcome for Invista's Shareholders." 
For further information, please contact:- 
Invista 
 Mark Lawson, Company Secretary +44 (0) 20 7397 3773 
Canaccord Genuity Hawkpoint Limited 
 Edward Arkus +44 (0) 20 7665 4500 
FTI Consulting 
 Ed Gascoigne-Pees +44 (0) 20 7269 7132 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

AGMBKODPFBKKQAB

Invista (LSE:INRE)
Historical Stock Chart
From May 2024 to Jun 2024

Invista (LSE:INRE)
Historical Stock Chart
From Jun 2023 to Jun 2024