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Monday 22 March, 2021

Mailbox REIT PLC

Listing on IPSX Wholesale

RNS Number : 0898T
Mailbox REIT PLC
22 March 2021
 

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THIS ANNOUNCEMENT IS AN ADVERTISEMENT AND NOT A PROSPECTUS FOR THE PURPOSES OF THE UK VERSION OF REGULATION (EU) 2017/1129, WHICH IS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 OR AN ADMISSION DOCUMENT AND DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE OR SUBSCRIPTION IN ANY JURISDICTION, INCLUDING (WITHOUT LIMITATION) THE UNITED STATES, AUSTRALIA, CANADA, THE PEOPLE'S REPUBLIC OF CHINA (EXCLUDING THE HONG KONG SPECIAL ADMINISTRATIVE REGION), SOUTH AFRICA OR JAPAN. INVESTORS SHOULD NOT SUBSCRIBE FOR, OR OTHERWISE PURCHASE, ACQUIRE, SELL OR DISPOSE OF, ANY OF THE SECURITIES REFERRED TO IN THIS ANNOUNCEMENT EXCEPT ON THE BASIS OF THE INFORMATION CONTAINED IN AND INCORPORATED BY REFERENCE INTO THE ADMISSION DOCUMENT PUBLISHED BY THE COMPANY.

 

22 March 2021

Mailbox REIT plc

("Mailbox REIT" or the "Company")

 

Listing on IPSX Wholesale

The Board of Mailbox REIT, which owns the Mailbox, a large prime office-led mixed use property in Birmingham, announces its intention to admit the Company to trading on the IPSX Wholesale segment of International Property Securities Exchange ("IPSX").

IPSX is a new Regulated Investment Exchange regulated by the FCA and is the world's first such exchange dedicated to the initial public offering and secondary market trading of institutional grade commercial real estate assets. 

IPSX Wholesale is a market exclusively for institutional and professional investors and for issuers with an asset or assets that have a minimum market value in excess of £50 million. 

The Board expects the Company to become the first single asset REIT to have its Ordinary Shares admitted to trading on IPSX on or around 19 April 2021.  

Mailbox REIT PLC is a single asset company which owns the Mailbox. The Mailbox is located on a 4.8 acre waterside site in the heart of the UK's second largest city, a five-minute walk from Birmingham New Street Station. It comprises approximately 698,000 square feet of primarily office space, anchored by the BBC, with a complementary, ancillary retail and leisure offering, Over the next three to five years, the property will be further repositioned for growth as a pre-eminent 'Live Work Play' destination.

The proposed Admission to IPSX Wholesale replaces the proposed admission to IPSX Prime as detailed in the Company's announcement of 1 October 2020.

 

FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:

 

M7 Real Estate Financial Services Limited (AIFM)

(via FTI Consulting below)

Richard Croft, David Ebbrell, Tony Edgley




WH Ireland Limited (IPSX Lead Adviser and Broker)

T: 020 7220 1666

Chris Hardie, James Sinclair-Ford, Darshan Patel






FTI Consulting (PR Adviser)

Tel: 020 3727 1000

Richard Sunderland, Claire Turvey, Eve Kirmatzis

E:  [email protected]

 

 

DISCLAIMER / FORWARD LOOKING STATEMENTS

Important notice

The content of this announcement, which has been prepared by and is the sole responsibility of Mailbox REIT PLC, has been approved by  the AIFM solely for the purposes of section 21(2)(b) of the Financial Services and Markets Act 2000, as amended ("FSMA").

This announcement does not constitute an offer or recommendation concerning the securities referred to in this advertisement. Any prospective investor is recommended to consult an independent professional adviser as to the suitability of the securities referred to in this announcement for the person concerned. 

The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy, fairness or completeness.

Neither this announcement nor the information contained herein is for publication, distribution or release, in whole or in part, directly or indirectly, in or into, the United States (including its territories and possessions, any State of the United States and the District of Columbia), Australia, Canada, Japan, South Africa or any other jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction. The Offer and the distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

This announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States, Australia, Canada, Japan, South Africa or any other jurisdiction where such offer or sale would be unlawful. The Ordinary Shares mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "Securities Act"), or with any securities regulatory authority of any state or other jurisdiction in the United States. The Ordinary Shares may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. No public offering of securities is being or will be made in the United States.

WH Ireland, which is authorised and regulated in the United Kingdom by the FCA, is acting exclusively as Joint Bookrunner and Lead Adviser for the Company and no-one else in connection with the Offer and Admission and will not regard any other persons as its client in relation to the Offer and Admission and will not be responsible to anyone other than the Company for providing the protections afforded to clients of WH Ireland, nor for providing advice in connection with the Offer and Admission or any other matter or arrangement referred to in this announcement.

No key information document has been prepared in respect of this communication or the Shares in accordance with Regulation (EU) No 1286/2014 on key information documents for packaged retail and insurance-based investment products (PRIIPs) (and in the case of the United Kingdom, such regulation as it forms part of the domestic law of the United Kingdom). Accordingly, Shares are not available to, and no person may advise on, offer or sell Shares for or to, any retail client (as defined in MiFID 2) in the EEA or the United Kingdom.

 

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