6 March 2020
THIS ANNOUNCEMENT INCLUDES INSIDE INFORMATION
Urban Exposure Plc
("Urban Exposure" or the "Company")
Statement Regarding Potential Disposal and Net Asset Value
On 4 March 2020, Urban Exposure announced that it is in exclusive discussions with Pollen Street Capital ("PSC") regarding the potential disposal of its loan book and thereafter, a connected sale of the Company's asset management business (the "Potential Transactions").
These discussions are continuing and the Company hopes to be in a position to make a further announcement regarding the Potential Transactions in the near future.
Additionally, Urban Exposure is updating the market as to its latest unaudited TNAV as at 31 December 2019 of £131.7m, equivalent to 82.7 pence per share.
Enquiries:
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Urban Exposure Plc
Randeesh Sandhu, CEO
Sam Dobbyn, CFO
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+44 (0) 207 408 0022
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Jefferies International Limited (Financial Adviser and Joint Corporate Broker)
Rishi Bhuchar
Ed Matthews
James Thomlinson
William Brown
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+44 (0) 20 7548 4576
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Liberum Capital Limited (Nominated Adviser and Joint Corporate Broker)
Neil Patel
Gillian Martin
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+44 (0) 20 3100 2222
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MHP Communications (Financial Public Relations)
Charlie Barker
Patrick Hanrahan
Sophia Samaras
UrbanExposure@mhpc.com
Camarco (PR adviser to Pollen Street Capital)
Ed Gascoigne-Pees / Jennifer Renwick
+44 (0)20 3757 4984
ed.gascoigne-pees@camarco.co.uk
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+44 (0) 20 3128 8100
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