Alternative Income REIT Highlights Minimal Take-Up; Reiterates Rejection of Glenstone Offer

08:07 AM EDT, 08/05/2026 (MT Newswires) -- Alternative Income REIT (AIRE.L) said Wednesday that Glenstone REIT's final cash offer only received valid acceptances representing less than 0.025% of AIRE's issued share capital after 28 days. The real estate company said that, excluding the shares held by Glenstone and its concert parties and 1.9 million shares subject to an irrevocable undertaking, Glenstone received valid acceptances for 19,849 AIRE shares. The board said the level of acceptances is negligible and reiterated that the 0.714 pound-sterling-per-share offer fundamentally undervalues the company. Alternative Income REIT recommended that shareholders do not accept the offer and said those who have accepted the offer should withdraw their acceptances.