Urban Exposure plc: 6.5 % secured sterling bonds due 2026 - Process update

6 August 2019

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This announcement is released by Urban Exposure Finance Plc and contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 (MAR). 

MiFID II retail investors, professional investors and ECPs target market - Manufacturer target market (MIFID II product governance) is eligible counterparties and professional clients (all distribution channels) and also retail clients (all distribution channels).

URBAN EXPOSURE FINANCE PLC

URBAN EXPOSURE PLC

6.5 % SECURED STERLING BONDS DUE 2026

PROCESS UPDATE

Further to the announcements dated 15 July 2019 and 30 July 2019 on the proposed issue by Urban Exposure Finance Plc (the "Company") of the 6.5% secured sterling bonds due 2026 (the "Proposed Issue"), the Company and Urban Exposure Plc ("Urban Exposure") have decided not to proceed with the Proposed Issue due to adverse market conditions during the offer period.

Urban Exposure will continue to pursue other asset management strategies in line with its stated business plan and will continue to assess market conditions with a view to issuing debt securities under the euro medium term note programme established on 15 July 2019 at an appropriate time.

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