Glenstone REIT PLC - Increases shareholding in Aire to 29.9%

Glenstone REIT PLC has increased its shareholding in Alternative Income REIT PLC (AIRE) to 29.9%, according to the latest available data. This move brings Glenstone closer to a potential controlling interest, as the company has previously signaled its intent to pursue a full acquisition of AIRE shares. The increased stake follows a series of strategic investments and comes amid ongoing discussions regarding a potential cash offer for AIRE shares. Glenstone has urged shareholders to consider accepting its 70p per share offer, which remains on the table. The company has also reiterated its commitment to a cash-based acquisition strategy, emphasizing its financial capacity to complete the transaction. Retail investors and institutional stakeholders are advised to review the latest developments and consider their positions in light of the evolving offer landscape. No new financial data has been released to alter the current valuation or terms of the offer. Investors are encouraged to consult independent financial advisors for guidance on next steps.