4 March 2020
THIS ANNOUNCEMENT INCLUDES INSIDE INFORMATION
Urban Exposure Plc
("Urban Exposure" or the "Company")
Statement regarding press speculation
The Board of Urban Exposure notes recent media speculation and confirms that it is in exclusive discussions with Pollen Street Capital regarding the potential disposal of the Company's loan book. Any sale of the loan book would be accompanied by the sale of the Company's asset management business to members of its existing management team, followed by the proposed cancellation to trading on AIM and liquidation of the Company, potentially resulting in a return to shareholders in the region of 73 pence per share (together, the "Potential Transactions"). The Potential Transactions would be subject to shareholder approval.
There can be no certainty that the Potential Transactions will be completed, nor as to any returns that shareholders may receive as a result.
A further announcement will be made in due course.
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)
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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