Acceptance Level Update

Summary by AI BETAClose X

Glenstone REIT PLC has announced an update on its cash offer for Alternative Income REIT PLC, stating that as of October 26, 2026, valid acceptances have been received for 47,601,876 AIRE Shares, representing 59.13% of the issued ordinary share capital. Including irrevocable undertakings and commitments, Glenstone now holds or has valid acceptances for 70,101,776 AIRE Shares, equating to approximately 87.08% of the issued ordinary share capital. The offer, which is final at 70.0 pence per AIRE Share, has been declared unconditional, and Glenstone intends to proceed with the delisting of AIRE Shares from the London Stock Exchange and the cancellation of their listing on the Official List, with a view to re-registering AIRE as a private limited company once the 90% squeeze-out threshold is met.

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