Glenstone REIT Secures Over 79% Acceptances for Alternative Income REIT Offer

03:16 AM EDT, 09/24/2026 (MT Newswires) -- Glenstone REIT said Thursday that its increased final recommended cash offer for Alternative Income REIT (AIRE.L) received valid acceptances for 78.96% of the latter's issued shares. The offer has been declared unconditional, with Glenstone proceeding to delist the real estate income trust from the London bourse after crossing the 75% ownership threshold. Glenstone's increased offer of 0.70 pound sterling in cash for each Alternative Income REIT share will remain open for acceptance until further notice. The delisting will take effect once both companies have certainty on the number of valid acceptances. If Glenstone secures acceptances representing at least 90% of Alternative Income REIT shares, it will exercise statutory squeeze-out rights to acquire the remaining shares.