Urban Exposure still talking to Pollen Street about potential disposal

Urban Exposure updated the market on its discussions with Pollen Street Capital around the potential disposal of its loan book on Friday.

The AIM-traded firm first announced the discussions over the potential disposal, and a connected sale of its asset management business thereafter, on 4 March.

“These discussions are continuing and the company hopes to be in a position to make a further announcement regarding the potential transactions in the near future,” its board said on Friday.

Additionally, Urban Exposure updated the market as to its latest unaudited tangible net asset value as at 31 December, which was £131.7m, equivalent to 82.7p per share.

At 1243 GMT, shares in Urban Exposure were down 2.99% at 65p.