UK Commercial Property REIT

All-share combination with Tritax Big Box REIT plc: scheme of arrangement becomes effective on 16 May 2024

On 21 March 2024, it was announced that the boards of UKCM and BBOX had reached agreement on the terms of a recommended all-share combination of BBOX and UKCM (the "Combination"), to be effected by means of a Court-sanctioned scheme of arrangement under Part VIII of the Companies (Guernsey) Law, 2008 (as amended) (the "Scheme"). As previously announced, UKCM published the scheme document in respect of the Combination on 9 April 2024 (the "Scheme Document") and, on 2 May 2024, all resolutions in respect of the Scheme were duly passed at the Court Meeting and the General Meeting. The Board of UKCM is now pleased to announce that, at the Sanction Hearing held on 16th May 2024, the Royal Court of Guernsey sanctioned the Scheme and granted the Court Order in connection with the Combination. As the Conditions of the Combination have now been satisfied, or (where applicable) waived, the Scheme has become effective in accordance with its terms.