OREANDA-NEWS. Further to the article published in the Daily Mail on 31st May 2016, and the subsequent announcement made by Industrial Multi Property Trust plc ("the Company"), James Stocks & Co confirms that it has made a cash offer to the Company's Board to acquire the entire property portfolio of the Company. The value of the offer at ?81.6million matched the independent professional valuation of the properties published by the Company, as at 31st December 2015.

The offer was made to the Board of the Company on 28th April 2016, which pre-dated the slightly higher valuation of ?82.1m announced on 20th May 2016 to which the Company alludes in its announcement. This offer together with the associated request for some limited confirmatory due diligence has been rejected by the Board of the Trust. Subject to receiving the confirmatory due diligence James Stocks & Co would be prepared to increase its offer in line with this later valuation.

The offer by James Stocks & Co appears generous, by any standards, in particular considering the deep discount to net asset value at which the Company's shares are valued in the market which was 40% prior to the announcement of the offer for those assets.

About James Stocks & Co

Providing advice, insights and access to capital, James Stocks & Co operates in two business divisions namely; international corporate finance and strategic advisory and a principal investment or Merchant Bank division which focusses upon special investment situations. Both businesses are involved across a range of sectors including; leisure, real estate and real estate services, infrastructure, investment funds, financial and professional services and technology/media.