Invesco Prop Inc Disposals of Property


 
TIDMIPI 
 
Invesco Property Income Trust Limited 
 
HEADLINE:   Disposals of Property 
 
The Directors announce that contracts have been exchanged for the sale of all 
the group's remaining property assets to Kildare Partners. Following completion 
the Directors will implement plans for the orderly and solvent winding up of 
the Company and its subsidiaries. This will include proposals, subject to the 
approval of shareholders, for the cancellation of the Company's listing on the 
UKLA's Official List. 
 
The aggregate consideration was less than the amount outstanding to the lending 
banks and consequently all the consideration will be paid to the lending banks, 
less an amount retained to meet the expected winding up costs. Following the 
payment of costs for winding up the group there will be no return to 
shareholders. 
 
The Annual Financial Report for the year ended 31 March 2015 will be published 
in due course, together with a notice convening a general meeting at which 
resolutions will be proposed, inter alia, for the cancellation of the Company's 
listing. 
 
All enquiries 
 
Invesco Asset Management Ltd 
 
Angus Pottinger 
 
020 3753 0714 
 
Rory Morrison 
 
020 7543 3500 
 
19 June 2015 
 
 
 
END

Invesco Uk Property Income Trust (LSE:IPI)
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