Property development finance provider Urban Exposure (LON: UEX) says that it has had a number of additional approaches since the Robert Tchenguiz-backed R20 restructuring proposals were announced.
Tchenguiz built up a 12.6% stake before and after the interims in September. R20 criticises the structure of the group and management costs.
At 61.5p, the share price has bounced back in the past two months, but it remains well below the flotation level and at a 28% discount to NAV of 85p a share, including 29p a share in cash.
The AIM flotation in May 2018 raised £144m after expenses and a ...
