Pristine Capital PLC (LSE:PRIS) has announced plans to acquire a UK-based regional property portfolio valued at around £20 million. The company has signed non-binding heads of terms for the purchase, which includes three income-generating office buildings. The strategic acquisition is designed to support an annual dividend yield of at least 8% for shareholders.
The deal will be financed through a combination of equity and debt and marks a significant step in Pristine Capital’s growth strategy. In line with the transaction, the company intends to shift its listing from the London Stock Exchange’s Main Market to AIM, the exchange’s market for smaller, high-growth companies. As a result, trading in Pristine Capital’s shares has been temporarily suspended until the acquisition process is finalized.
About Pristine Capital PLC
Pristine Capital PLC is a listed investment vehicle focused on the UK real estate sector. Currently operating as a cash shell on the Main Market, the company targets property acquisitions and real estate investments that offer strong income potential.
Leave a Reply