Black Sea Property Fund Limited Update re Cancellation (8027J)
22 Diciembre 2015 - 1:00AM
UK Regulatory
TIDMBKSA
RNS Number : 8027J
Black Sea Property Fund Limited
22 December 2015
The Black Sea Property Fund Limited
("Black Sea" or the "Company")
Update on Cancellation
Further to the announcement made by the Company on 14 December
2015, the Company has been advised that the acquisition of the
proposed property investments referred to in the announcement would
not be considered by AIM to have substantially implemented the
Company's investing policy in accordance with the AIM Rules for
Companies.
The admission of the Company's shares to AIM is therefore due to
be cancelled with effect from 16 January 2016. The Company will
shortly be writing to shareholders to set out the options for the
Company and to convene a general meeting of the Shareholders to
consider whether: (a) to continue seeking investment opportunities
(with or without a listing for the Company's shares); or (b) to
wind up the Company and distribute any surplus cash back to
Shareholders.
For further information please contact:
The Black Sea Property Fund Limited
Alex Borrelli, Chairman Tel: +44 7747 020600
Cairn Financial Advisers LLP Tel: +44 20 7148 7900
Nominated Adviser
Sandy Jamieson, Emma Earl
Peterhouse Corporate Finance Limited Tel: + 44 20 7469 0930
Sole broker
Heena Karani, Charles Goodfellow
This information is provided by RNS
The company news service from the London Stock Exchange
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