Phoenix Spree Deutschland Limited Publication of Circular - Amendment (8090I)
28 Noviembre 2018 - 9:33AM
UK Regulatory
TIDMPSDL
RNS Number : 8090I
Phoenix Spree Deutschland Limited
28 November 2018
28 November 2018
The headline for the Phoenix Spree Deutschland Limited
announcement released on 28 Nov 2018 at 13.09 under RNS No 7928I
should read Publication of Circular.
The announcement text is unchanged and is reproduced in full
below.
Phoenix Spree Deutschland Limited
Publication of Circular
Further to the announcement made on 27 November 2018, Phoenix
Spree Deutschland Limited ("PSDL") has today published and will
send to all holders of ordinary shares in the capital of PSDL a
circular (the "Circular") in relation to the proposal to enter into
a new property advisory and investor relations agreement (the "New
PAIR") with PMM Residential Limited (the "New Property Adviser"), a
member of the PMM Group (the "Transaction").
The Transaction is subject to the approval of PSDL shareholders
and, accordingly, the Circular contains a notice convening a
general meeting of PSDL, which is to be held at 10.00 a.m. on 21
December 2018 at 13-14 Esplanade, St. Helier, Jersey JE1 1EE.
Shareholders may appoint a proxy by completing the form of proxy
enclosed with the Circular. Alternatively, proxy appointments may
be completed electronically. The procedures and timings for the
appointment of a proxy are set out in the notes to the notice of
the general meeting at the back of the Circular.
In accordance with LR 9.6.1 of the UK Listing Authority, a copy
of the Circular and Form of Proxy has also been submitted to the
National Storage Mechanism and will shortly be available for
inspection at www.morningstar.co.uk/uk/NSM. A copy of the Circular
including the notice of general meeting and Form of Proxy is
available for viewing on the investor relations section of PSDL's
website at http://www.phoenixspree.com/.
For further information, please contact:
Phoenix Spree Deutschland Limited
Stuart Young +44 (0)20 3937 8760
Numis Securities Limited (Corporate Broker)
David Benda +44 (0)20 7260 1000
Tulchan Communications (Financial PR)
Elizabeth Snow
+44 (0)20 7353 4200
Amber Ahluwalia
About Phoenix Spree Deutschland
PSDL is an investment company founded in 2007 and listed on the
London Stock Exchange. It offers shareholders exposure to the
Berlin residential market. Since PSDL was incorporated in Jersey in
2007, the Company has assembled an attractive portfolio of German
real estate assets. As at 30 June 2018, the portfolio was valued at
EUR584 million and consisted of 93 properties containing 2,322
residential units and 152 commercial units, representing a total
lettable area of approximately 180,000 square metres. The primary
assets are multi-apartment residential buildings, mostly built
pre-1914 or post-1990, and 94 per cent. of the Company's portfolio
by total units relates to residential property, with the balance
being commercial property.
About PMM Group
PMM Partners LLP was formed in 2006 by Mike Hilton, Paul Ruddle
and Matthew Northover to act as property adviser to the Company. An
affiliated and FCA-regulated entity, PMM Advisers LLP ("PMM
Advisers") was formed in 2007 and acts as an investment adviser on
a number of UK property and property-related debt funds. In 2015, a
new related company, PMM Partners (UK) Limited, replaced PMM
Partners LLP as property adviser to the Company.
As at 30 June 2018, the PMM Group had gross assets under
management of approximately EUR1.0 billion, employed over 50 staff,
and had four offices in London, Berlin, Dublin and Surrey. Its
interests cover German residential, UK specialist mortgages,
commercial property lending and loan servicing. The PMM Group
benefits from a robust operating platform which includes in-house
legal, finance, IT and compliance services.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
CIRBUBDBCDDBGII
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November 28, 2018 10:33 ET (15:33 GMT)
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