Hansteen Holdings has announced that its all-cash offer, of 300p per share, for Industrial Multi Property Trust (IMPT) has become unconditional. It says that, at 22 March 2017, it had received valid acceptances of its offer in respect of 2,500,657 IMPT shares, representing approximately 29.73% of IMPT’s issued share capital. In addition, Hansteen has acquired and settled 1,836,075 IMPT Shares, representing approximately 21.83%. As such, Hansteen either holds or has received valid acceptances representing approximately 51.56% of the current issued share capital of IMPT and has decided to reduce the acceptance condition to 51%. It has therefore announced that the Offer has become unconditional as to acceptances and as no other Conditions remain outstanding, it has declared that the Offer is now unconditional in all respects.
About Hansteen
Hansteen is a REIT focused on the industrial property sector with assets in Northern Europe – Germany, UK, France, Belgium and Netherlands.
About Industrial Multi Property Trust
Industrial Multi-Property Trust (formerly Alpha UK Multi Property) was formed primarily for investment in UK commercial property. The objective of the Company is to seek to improve income, reduce debt and provide the prospect of long term capital growth.
Hansteen’s offer for Industrial Multi Property Trust becomes unconditional : IMPT