Urban Exposure plc: Statement Regarding Potential Disposal and Net Asset Value

6 March 2020

THIS ANNOUNCEMENT INCLUDES INSIDE INFORMATION

Urban Exposure Plc

("Urban Exposure" or the "Company")

Statement Regarding Potential Disposal and Net Asset Value

On 4 March 2020, Urban Exposure announced that it is in exclusive discussions with Pollen Street Capital ("PSC") regarding the potential disposal of its loan book and thereafter, a connected sale of the Company's asset management business (the "Potential Transactions").

These discussions are continuing and the Company hopes to be in a position to make a further announcement regarding the Potential Transactions in the near future.

Additionally, Urban Exposure is updating the market as to its latest unaudited TNAV as at 31 December 2019 of £131.7m, equivalent to 82.7 pence per share.

Enquiries:
 

Urban Exposure Plc Randeesh Sandhu, CEO Sam Dobbyn, CFO	+44 (0) 207 408 0022
Jefferies International Limited (Financial Adviser and Joint Corporate Broker) Rishi Bhuchar Ed Matthews James Thomlinson William Brown	+44 (0) 20 7548 4576
Liberum Capital Limited (Nominated Adviser and Joint Corporate Broker) Neil Patel Gillian Martin	+44 (0) 20 3100 2222
MHP Communications (Financial Public Relations) Charlie Barker Patrick Hanrahan Sophia Samaras UrbanExposure@mhpc.com   Camarco (PR adviser to Pollen Street Capital)  Ed Gascoigne-Pees / Jennifer Renwick +44 (0)20 3757 4984 ed.gascoigne-pees@camarco.co.uk	+44 (0) 20 3128 8100

 

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