- Residential development finance provider Urban Exposure said it had received 'a number of additional proposals' regarding its future, without elaborating.

The company had earlier in November said it received an outline restructuring proposal from R20 Advisory, involving a special dividend, rights issue, the externalisation of its management team into a separate vehicle and the company's conversion to an investment group.

'Following from this proposal, the company has now received a number of additional proposals, which it is considering, along with other value enhancing opportunities,' Urban Exposure said.

'The board is reviewing all these proposals and will update the market in due course.'

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