Alternative Income REIT extends Glenstone offer deadline

Alternative Income REIT (AIRE) has agreed to extend the deadline for accepting Glenstone REIT plc's unsolicited cash offer, originally set for 1:00 p.m. on September 10, 2026, to 1:00 p.m. on Friday, September 11, 2026. This extension was requested by Glenstone after receiving acceptances for 36,948,031 AIRE shares, or approximately 45.89% of the company's issued ordinary share capital, as of 6:00 p.m. on Wednesday.

The AIRE Board stated that the extension aims to avoid administrative or processing delays in determining the outcome of the offer, which is valued at 70.0 pence per AIRE share in cash. Despite the extension, the board maintains that the offer undervalues the company, and recommends that AIRE shareholders should not accept it.

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