Clipstone Logistics REIT plc commences an Equity Buyback Plan for 10,000,000 shares, representing 7.6% of its issued share capital, for £20 million, under the authorization approved on July 15, 2022.

Clipstone Logistics REIT plc commences share repurchases on August 1, 2022, under the program mandated by the shareholders in the Extraordinary General Meeting held on July 15, 2022. As per the mandate, the company is authorized to repurchase up to 10,000,000 shares, representing 7.6% of its issued share capital, for £20 million. The shares will be repurchased at a price equal to 1.5% discount to the net asset value per share as at the date of completion of the repurchase program.

The company plans to use its own cash resources and distributable profits for repurchasing the shares under this program. The repurchased shares will be cancelled. The Buy-back will be conditional on the completion of the Property Transaction.

The program will be valid till December 31, 2022.