Statement regardinng possible offer

Summary by AI BETAClose X

PRS REIT PLC has acknowledged press speculation regarding its Strategic Review and Formal Sale Process, confirming that Kohlberg Kravis Roberts & Co. L.P. (KKR) is participating. However, KKR has not yet made an offer, and there is no certainty that an offer will be made or regarding the terms. Long Harbour's possible offer, initially announced on June 11, 2025, remains under consideration but is subject to financing and due diligence. The Takeover Panel previously granted the company a dispensation from Rule 2.6(a) of the Takeover Code on October 23, 2024, meaning the involved parties are not subject to the usual 28-day deadline. Further announcements will be made in due course regarding the ongoing strategic review.

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