Glenstone steps up buyout of AIRE shares and plans delisting of the REIT
Glenstone REIT says it intends to acquire the remaining Alternative Income REIT shares at 70 pence and delist them, according to Reuters.
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what happened
According to Reuters, Glenstone REIT PLC is continuing its cash offer for Alternative Income REIT PLC (AIRE) at 70 pence per share. As of 5.00 p.m. London time on 26 October 2026, it held or had valid acceptances for 70,101,776 AIRE shares, or 87.08% of the issued capital. To reach the squeeze-out threshold it still needs 4,343,771 shares, equal to 5.39%.
Glenstone also plans to buy shares in the market at the same price. After delisting and re-registration of AIRE as a private company, holders who have not accepted may lose the ability to hold the shares on retail platforms and may become ineligible for ISAs and SIPPs. The offer stays open, and Glenstone promises at least 14 days' notice before it closes.
why it matters
For markets this is mainly a single-stock story about a small REIT, but it shows how, after a controlling stake is built, minority holders can be pushed to sell at a fixed price before the shares leave the exchange.
tags
instruments
sources
- REG - Glenstone REIT PLC Alternative Inc REIT - Statement re. Intended Squeeze-Out and Delisting — Reuters, 27 October 2026 at 07:01 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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