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Walls & Futures REIT PLC repeats rejection as Virgata bid receives 9% take-up


The WAFR board said it was delighted so few shareholders had accepted
Walls & Futures REIT PLC (LON:WAFR) has again urged shareholders to take no action on the bid from Virgata Services after noting the initial level of support.
At the first closing date, Virgata received 9.13% acceptances and the WAFR board said it was delighted so few shareholders had accepted.
We look forward to closing this unfortunate chapter and move forward to delivering the ambitious and credible growth strategy as outlined in our response document, said the statement.
WAFR repeated that as of 31st March 2021, its NAV of 102p per share was more than twice the offer price of 50p per share. ....

Virgata Services , Takeover Panel , Collective Investments , Real Estate , Alls Futures Reit Plc , Lon Wafr , கையகப்படுத்தல் குழு , கூட்டு முதலீடுகள் ,

Walls & Futures REIT PLC to offer winding-up alternative to Virgata bid


The value receivable by a solvent winding-up would be substantially higher than the offer. 
A WAFR development
Walls& Futures (LON:WAFR) has said it will give shareholders a vote on whether to wind the business up if they turn down the takeover offer from Virgata.
In a formal response to the 50p per share Virgata offer, the board of the specialist social housing (SSH) group again rejected the bid and said compared to a net asset value of 102p per share it significantly undervalued the business.
The REIT’s property assets are worth £3.2mln on the open market, it added, compared to the £1.2mln implied by the offer. ....

Futures Directors , North East , South West , Collective Investments , Banks T3 , Alls Futures Reit Plc , Lon Wafr , வடக்கு கிழக்கு , தெற்கு மேற்கு , கூட்டு முதலீடுகள் ,