Acknowledgement of letter to shareholders
Summary by AI BETAClose X
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.
FOR IMMEDIATE RELEASE.
18 June 2026
|
|
Workspace GROUP PLC
ACKNOWLEDGEMENT OF LETTER TO SHAREHOLDERS
FROM SABA CAPITAL MANAGEMENT L.P.
The Board of Workspace Group PLC (the "Board" and the "Company", respectively) acknowledges the letter to the Company's shareholders issued by Saba Capital Management L.P. (the "Letter") yesterday, on 17 June 2026, and the accompanying presentation (the "Presentation").
The Board firmly believes in the strength of the Company's strategy, as announced alongside its Full Year Results on 10 June 2026, to maximise long-term sustainable value for all shareholders. However, the Board welcomes the views of all shareholders and, together with its advisers, is carefully reviewing the Letter and Presentation.
Notice of the Company's annual general meeting will be posted to shareholders of the Company tomorrow, on 19 June 2026. The Company's full and considered response to the Letter and the Presentation will be separately communicated to shareholders in due course.
Shareholders are advised to take no action in respect of the Letter and the Presentation at this time, and await further communications from the Company on this matter.
J.P. Morgan Cazenove, Rothschild & Co and Stifel are advising the Company.
- ENDS -
For further information, please contact:
Workspace Group PLC 020 7138 3300
Charlie Green, Chief Executive Officer
Tom Edwards-Moss, Chief Financial Officer
Paul Hewlett, Director of Strategy & Corporate Development
Greg Tinker, Corporate Communications Manager
FGS Global 020 7251 3801
Chris Ryall
Guy Lamming
Notes to Editors
About Workspace Group PLC:
Workspace is London's leading owner and operator of flexible workspace, currently managing 3.8 million sq. ft. of sustainable space at 57 locations in London and the South East.
We are home to some 4,000 of London's fastest growing and established brands from a diverse range of sectors. Our purpose, to give businesses the freedom to grow, is based on the belief that in the right space, teams can achieve more. That in environments they tailor themselves, free from constraint and compromise, teams are best able to collaborate, build their culture and realise their potential.
We have a unique combination of a highly effective and scalable operating platform, a portfolio of distinctive properties, and an ownership model that allows us to offer true flexibility. We provide customers with space to create a home for their business, alongside leases that give them the freedom to easily scale up and down within our well-connected, extensive portfolio.
We are inherently sustainable - we invest across the capital, breathing new life into old buildings and creating hubs of economic activity that help flatten London's working map. We work closely with our local communities to ensure we make a positive and lasting environmental and social impact, creating value over the long term.
Workspace was established in 1987, has been listed on the London Stock Exchange since 1993, is a FTSE 250 listed Real Estate Investment Trust (REIT) and a member of the European Public Real Estate Association (EPRA).
Workspace® is a registered trademark of Workspace Group PLC, London, UK.
LEI: 2138003GUZRFIN3UT430
For more information on Workspace, visit www.workspace.co.uk
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Latest directors dealings
- 25 minutes ago Smith & Nephew
- 44 minutes ago Greencoat UK Wind
- 59 minutes ago Lloyds Banking Group
- 1 hour ago BP
- 1 hour ago Secure Trust Bank