6th Mar 2020 09:56
(Alliance News) - Urban Exposure PLC said Friday it remains in exclusive discussions with investment fund Pollen Street Capital for the sale of its loan book.
On Wednesday, the property developer-focused finance provider said it noted "media speculation and confirms that it is in exclusive discussions with Pollen Street Capital regarding the potential disposal of the company's loan book".
The London-based company also said that any sale of the loan book would be accompanied by the sale of the company's asset management business to its existing management team, followed by cancellation to trading on AIM and liquidation of the company.
Also on Friday, Urban Exposure said its tangible net asset value at the end of December was GBP131.7 million, equal to 82.7 pence per share, compares to GBP135.2 million, or 85p per share.
Shares in Urban Exposure were up 1.9% at 68.30 pence on Friday in London.
By Dayo Laniyan; [email protected]
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