REG - Value & Index Prop - Result of Tender Offer

Value and Indexed Property Income TrustAnnouncement

29/09/2025 07:00

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RNS Number : 1569B  Value and Indexed Prop Inc Tst PLC  29 September 2025

THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, IN OR INTO, THE UNITED STATES, CANADA, JAPAN, NEW ZEALAND OR THE
REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO MAY RESULT
IN THE CONTRAVENTION OF ANY REGISTRATION OR OTHER LEGAL REQUIREMENT OF SUCH
JURISDICTION

For immediate release

            29 September 2025

Value and Indexed Property Income Trust PLC (the "Company")

Legal Entity Identifier: 213800CU1PIC7GAER820

TENDER OFFER, MIX AND MATCH FACILITY AND TREASURY ISSUANCE RESULTS

The Company is pleased to announce that 1,666,142 Shares were validly tendered
under the Tender Offer and 170,811 Shares were applied for under the Mix and
Match Facility.

Tenders will therefore be accepted in full from Shareholders who validly
tendered their Basic Entitlement or any number of Shares less than their Basic
Entitlement.

The 1,495,331 Shares validly tendered but not matched under the Mix and Match
Facility will be purchased by Shore Capital at the Tender Price of 204 pence
per Share. This represents approximately 3.28 per cent. of the issued share
capital of the Company as at the Record Date.

Under the terms of the Repurchase Agreement, these tendered Shares will be
purchased by the Company from Shore Capital at the Tender Price, for a total
price of approximately £3,050,475.24 and the sale and purchase will complete
at 8.00 a.m. on 8 October 2025. The Shares purchased by the Company pursuant
to the Repurchase Agreement will be held in Treasury.

As set out in the Circular, it is anticipated that the proceeds payable to
Shareholders whose tendered Shares are held through CREST accounts will be
made by 8 October 2025 and that cheques for the certificated Shares purchased
under the Tender Offer will be despatched during the week commencing 15
October 2025.

Balance certificates in respect of the Tender Offer and new certificates in
respect of the Mix and Match Facility will be despatched in respect of
certificated Shares during the week commencing 15 October 2025.

Total Voting Rights

Following the completion of the Tender Offer and the Mix and Match Facility,
the Company will have a total of 45,549,975 Shares in issue of which 5,032,270
Shares are held in Treasury. Therefore, the total number of voting rights in
the Company will be 40,517,705 and this figure may be used by Shareholders as
the denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest in, the
Company under the FCA's Disclosure Guidance and Transparency Rules.

Defined terms used in this announcement have the meanings given in the
Circular unless the context otherwise requires

For further information please contact:

 Maven Capital Partners UK LLP                           Tel: +44 (0) 141 306 7400
 Company Secretary
 Mandy Kelly

 Dickson Minto Advisers LLP                              Tel: +44 (0) 20 7649 6933
 Financial Adviser
 Fiona Thompson

 Shore Capital                                           Tel: +44 (0) 20 7408 4050
 Corporate Broker
 Gillian Martin and Anita Ghanekar (Corporate Advisory)
  Fiona Conroy (Corporate Broking)

 

 This announcement is released by the Company and the information contained
within this announcement is deemed by the Company to constitute inside
information for the purposes of Article 7 of the UK version of the EU Market
Abuse Regulation (Regulation (EU) No.596/2014) which forms part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended. Upon the
publication of this announcement via a Regulatory Information Service, such
information is now considered to be in the public domain.

 

 

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