Civitas Social Housing REIT to delist on 4 August following takeover

Potentially losing REIT status

The delisting and cancellation of trading of Civitas Social Housing REIT shares is set to take effect at 8am on 4 August, following the takeover by CK Asset Holdings' subsidiary CK Bidco.

The move comes after the offer made by the Hong Kong-based property developer was declared unconditional on 26 June. As of today (6 July), the company had obtained over 75% or more of the voting rights of Civitas.  In a stock exchange notice, CK Bidco said it had been reviewing the possibility of maintaining the REIT status of Civitas following completion of the offer.  Civitas Social Housing REIT agrees to £485m take-private offer The company is currently in the process of making an application to list on the International Stock Exchange of Jersey to satisfy the relevant REIT requ...