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LONDON - AEW UK REIT plc (LSE:AEWU) has applied to the Financial Conduct Authority and London Stock Exchange (LON:LSEG) for a block listing of 15,842,475 new ordinary shares, according to a statement released Monday.
The new shares are expected to be admitted to the Official List and begin trading on the London Stock Exchange on July 15, 2025. When issued, they will rank equally with existing ordinary shares.
The company said the shares may be issued under its existing general authority to issue shares on a non-pre-emptive basis. According to the statement, the shares would be issued "to satisfy market demand, as and when market conditions permit."
AEW UK REIT focuses on investing predominantly in smaller commercial properties across the United Kingdom (TADAWUL:4280), typically valued at less than £15 million. The company currently maintains investments across office, retail, industrial, and leisure assets.
The real estate investment trust is currently paying an annualized dividend of 8p per share, according to information provided in the press release.
AEW UK REIT was admitted to trading on the Main Market of the London Stock Exchange on May 12, 2015. The company’s investment manager is AEW UK Investment Management LLP, part of the AEW group which manages €79.1 billion in assets globally as of December 31, 2024.
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