Correction: Update on Strategic Acquisition
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11 August 2026
Living REIT plc
(the "Company" or, together with its subsidiaries, the "Group")
Correction: Update on Strategic Acquisition of Senior Living Portfolio
Please see below a correction to the announcement released on 6 August 2026 under RNS no.4667P regarding the Company's Update on Strategic Acquisition of Senior Living Portfolio.
The only amendments to the previously published version relate to the number of Additional Consideration Shares to be issued, which should have stated 888,896 rather than 889,896.
As a result, the announcement released on 6 August 2026 incorrectly stated the total number of voting rights in the Company following Admission of the Additional Consideration Shares (excluding treasury shares) as 460,459,619. The correct total number of voting rights of the Company following Admission of the Additional Consideration Shares (excluding treasury shares) as at 8 am on 7 August 2026 was 460,458,619. This figure should be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or of a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.
The full amended text of the updated announcement is appended below.
Update on Strategic Acquisition of Senior Living Portfolio
Following completion of the Acquisition on 16 July 2026, the Board of Living REIT plc (ticker: LIVE) is pleased to provide a further update to the Company's shareholders.
As referred to in the Company's announcement dated 17 June 2026, the consideration for the Acquisition is made up of a mix of cash and newly issued Shares and a component of the consideration paid at Completion was based upon the estimated net asset value of the Target Group at Completion, with £1 million of the purchase price being deferred until finalisation of the Completion Accounts. The Completion Accounts process has now concluded and the Target Group's actual net asset value at Completion was £162,393 less than the estimated net asset value and as a consequence the deferred consideration has reduced to £837,607.
The Company shall allot and issue 888,896 new Shares (being the Additional Consideration Shares) in satisfaction of the deferred consideration, which are expected to be admitted to the closed-ended funds segment of the Official List and to trading on the London Stock Exchange's Main Market for listed securities at 8am on 7 August 2026 ("Admission"). The Additional Consideration Shares will rank pari passu in all respects with the ordinary shares already in issue, including the right to receive all dividends, distributions or any return of capital declared, made or paid by reference to a record date after Admission.
The total number of voting rights of the Company following Admission of the Additional Consideration Shares (excluding treasury shares) is 460,458,619 and this figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or of a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.
For further information, please contact:
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Living REIT plc |
Via Lauder Teacher Associates |
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Jos Short |
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Atrato Partners Limited |
ir@atratopartners.com |
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Michael Carey Natalie Markham |
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Eddie Gilbourne |
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Deutsche Numis (Strategic Adviser and Corporate Broker) |
Tel: +44 (0) 20 7545 8000 |
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Hugh Jonathan Amit Wangoo |
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Lauder Teacher (Financial PR Adviser) |
sohoreit@lauderteacher.com |
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Colm Lauder Andrew Teacher Shirin Iqbal |
Tel: +44 (0) 7787 444 960 |
NOTES
Living REIT is a UK-listed real estate investment trust that aims to provide shareholders with stable, long-term, inflation-aligned income through investment in a portfolio of Living assets.
The Company invests in structurally supported areas of the UK residential property market, with a focus on delivering resilient income and positive social impact. This includes investments in specialised supported housing, senior living and care homes.
Living REIT's properties provide essential social infrastructure, supporting residents and communities whilst seeking to generate an attractive, inflation-aligned total return for shareholders.
All capitalised terms not otherwise defined in the text of this announcement have the meanings given to them in the announcement dated 17 June 2026.
The Company is listed on the closed-ended investment funds category of the FCA's Official List and its Ordinary Shares are traded on the LSE's Main Market.
Atrato Partners Limited is the Company's Investment Manager.
The Company's LEI is 213800BERVBS2HFTBC58.
Further information on the Company can be found on its website at www.livingreit.com.
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