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Alpha Tiger Prop Tst (ARTL)

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Monday 09 August, 2010

Alpha Tiger Prop Tst

Acquisition

RNS Number : 7939Q
Alpha Tiger Property Trust Limited
09 August 2010
 



9 August 2010

 

ALPHA TIGER PROPERTY TRUST LIMITED ("ALPHA TIGER" OR THE COMPANY")

approval of investment in Close High Income Properties PLC ("CHIP")

 

The Board of Alpha Tiger welcomes the announcement today by CHIP stating that all resolutions at its AGM and EGM were passed with the necessary majorities to facilitate the Company's investment in CHIP as previously announced on 13 July 2010.

The Company will invest £4.75m in CHIP by way of convertible unsecured loan stock earning a coupon of 4.75% and 18% redemption premium if not converted.

 

 

For further information please contact:

Alpha Tiger Property Trust Limited

David Jeffreys, Chairman, Alpha Tiger                              +44 (0) 1481 735 540

Brad Bauman, Joint Fund Manager, Alpha Tiger                +44 (0) 20 7268 0300

 

Panmure Gordon, Nominated Adviser to the Company                                                                                                                                                                             

Richard Gray/Andrew Potts/Stuart Gledhill                       +44 (0) 20 7459 3600

 

Notes to editors:

About Alpha Tiger Property Trust

Further information is available at www.alphatigerpropertytrust.com


This information is provided by RNS
The company news service from the London Stock Exchange
 
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