June 18, 2019 / 6:08 AM / a month ago

BRIEF-Aberdeen Standard European Logistics Income to publish prospectus to issue new shares

June 18 (Reuters) - Aberdeen Standard European Logistics Income PLC:

* BOARD OF ABERDEEN STANDARD EUROPEAN LOGISTICS INCOME PLC ANNOUNCES THAT IT IS PROPOSING TO PUBLISH A PROSPECTUS ( “PROSPECTUS”) IN RELATION TO AN INITIAL ISSUE CONSISTING OF A PLACING, OPEN OFFER AND OFFER FOR SUBSCRIPTION ( “ISSUE”) AND IMPLEMENTATION OF A 12-MONTH SHARE ISSUANCE PROGRAMME

* INCLUSION OF AN OPEN OFFER WILL ENSURE THAT A PORTION OF ISSUE IS RESERVED IN FIRST INSTANCE EXCLUSIVELY FOR EXISTING SHAREHOLDERS

* PROPOSALS ARE SUBJECT TO SHAREHOLDER APPROVAL

* IT IS ENVISAGED THAT PROSPECTUS AND CIRCULAR WILL BE PUBLISHED IN LATE JUNE/EARLY JULY, AND THAT (SUBJECT TO SHAREHOLDER APPROVAL) NEW SHARES COMPRISING ISSUE WILL BE ISSUED AND COMMENCE TRADING PRIOR TO END OF JULY

* INVESTMENT MANAGER HAS A PIPELINE OF ATTRACTIVE INVESTMENT OPPORTUNITIES AVAILABLE TO IT AND IS PRESENTLY IN A PERIOD OF EXCLUSIVITY TO CARRY OUT DUE DILIGENCE IN RELATION TO TWO POTENTIAL ACQUISITIONS WHICH, IN AGGREGATE, ARE VALUED AT APPROXIMATELY EUR 60 MILLION

* IN ADDITION, INVESTMENT MANAGER IS IN ADVANCED DISCUSSIONS REGARDING ACQUISITION OF A FURTHER PROPERTY Source text for Eikon: Further company coverage: (Reporting By Pamela Barbaglia)

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