Ediston Property Investment Co PLC - London-based real estate investment trust focused on UK commercial property - Shares removed from London's official list, effective immediately. On Thursday, shareholders voted for a special resolution, sending the company into members' voluntary liquidation. Read More
Ediston Property Investment Co PLC - London-based real estate investment trust focused on UK commercial property - Shareholders vote for special resolution, sending the company into members' voluntary liquidation. Accordingly, Derek Hyslop and Richard Barker of Ernst & Young LLP have been appointed as joint liquidators of the company. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
Ediston Property Investment Co PLC - invests in UK commercial property, with a focus on the retail warehouse sector - Confirms that it is in "advanced" discussions with RI UK 1 Ltd, a wholly-owned indirect subsidiary of Realty Income Corp, regarding a possible sale of its property portfolio. Reiterates that there can be "no certainty" at this time that a sale of the company's property portfolio will take place, nor on the final terms any such sale may take place. Adds it is continuing with its strategic review within the framework of a formal sale process. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday. Read More
Ediston Property Investment Co PLC - London-based real estate investment trust focused on UK commercial property - Says it is in "advanced discussions" with a third party regarding the possible sale of its property portfolio. Notes there can be no certainty that a sale will take place nor the terms on which a sale might happen. Will continue to conduct its strategic review within the framework of a formal sales process "until further notice." Read More
Ediston Property Investment Co PLC - real estate investment trust focused on UK commercial property - Net asset value per share stands at 80.4 pence each on March 31, down 15% from 94.9p per share on September 30. NAV total return for the period is negative 12.6%, compared to a positive return of 10.1% the year before. The MSCI UK Monthly index shows that 'All-Property' capital values falls by 17.6% for the same period. Expects rent collection to be 99.9% for the period. Read More
Ediston Property Investment Co PLC - real estate investment trust focused on UK commercial property - Hires Investec Bank PLC to lead a strategic review, saying its preference is to merge with "one or more" fellow REITs. Says however will consider all options to maximise value to shareholders, including selling the company or its property portfolio. Says the company's "modest" size at present deters some potential investors. "The board has concluded that it is unlikely to be able to raise new capital in the short or medium term," it says. "This is particularly disappointing given the opportunities which the board and manager anticipate may arise to acquire properties that could substantially enhance returns to shareholders over the medium term." The REIT, launched in 2014, is managed by Ediston Properties Ltd. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday. Read More
(Alliance News) - Stock prices in London opened higher on Thursday, as shares recovered some of Wednesday's sizeable losses, though concerns over the health of the banking sector are unlikely to go away. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
Ediston Property Investment Co PLC - Edinburgh-based real estate investment company - Completes the sale of its leisure asset, a Mecca Bingo hall, in Telford, England for GBP5.0 million. This is 67% above the most recent valuation on the property and in line with the company's revised investment strategy to sell its office and leisure assets in order to reinvest the proceeds into retail warehouses. The impact of the sale will be included in the company's next net asset value announcement in the next few weeks. Read More