NOT
FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART,
DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO
DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR
REGULATIONS OF SUCH JURISDICTION
FOR
IMMEDIATE RELEASE
THIS
ANNOUNCEMENT CONTAINS INSIDE INFORMATION
25 September 2024
abrdn
Property Income Trust Limited
(an
authorised closed-ended investment company incorporated in Guernsey
with registration number 41352)
LEI
Number: 549300HHFBWZRKC7RW84
RESPONSE
TO PRESS SPECULATION
(the
“Transaction”)
abrdn
Property Income Trust Limited (“API”
or the “Company”)
notes the recent press speculation and confirms that it is in
advanced discussions with funds managed by GoldenTree Asset
Management LP for the sale of the entire share capital of abrdn
Property Holdings Limited (“APH”),
a wholly-owned subsidiary of API.
Any sale
would involve the disposal of the Company’s entire investment
property portfolio, with the exception of its interest in the land
at Far Ralia.
There can
be no certainty that any binding sale agreement will be entered
into, nor as to the terms on which any transaction may occur. API
has not received any offer in respect of the issued share capital
of API.
A further
announcement will be made when appropriate.
Enquiries
abrdn Property Income Trust
James Clifton-Brown (Chair)
via
Winterflood
Jason Baggaley (Fund
Manager) +44
7801 039 463
Mark Blyth (Deputy Fund
Manager)
+44
7703 695 490
Winterflood (Corporate Broker to API)
Neil Langford
+44 20 3100 0160
Important
notices
Winterflood
Securities Limited ("Winterflood"),
which is authorised and regulated by the Financial Conduct
Authority in the United Kingdom,
is acting exclusively for API and no-one else in connection with
the matters set out in this document and will not be responsible to
anyone other than API for providing the protections afforded to
customers of Winterflood or for providing advice in relation to the
matters set out in this document. Neither Winterflood nor any of
its affiliates owes or accepts any duty, liability or
responsibility whatsoever (whether direct or indirect, whether in
contract, in tort, under statute or otherwise) to any person who is
not a client of Winterflood in connection with this document, any
statement contained herein or otherwise.