TIDMPSDL

RNS Number : 8094P

Phoenix Spree Deutschland Limited

12 February 2019

12 February 2019

Phoenix Spree Deutschland Limited

(the "Company")

Property Advisor Share Sales

Phoenix Spree Deutschland Limited (LSE: PSDL.LN), the UK Main Market listed investment company focused on Berlin residential real estate, announces it has been informed that PMM Partners (UK) Limited and its principals have sold a total of 2,239,361 shares in the Company at a price of GBP3.50 per share.

PMM Partners (UK) Limited acted as property advisor to the Company until it was replaced by PMM Residential Limited, effective from the 1(st) of January 2019, in the previously announced intra-group reorganisation. The sale of the shares was made to cover the tax liabilities arising from the December 2017 performance fee which was paid by awarding PSD shares to PMM Partners (UK) Limited in May 2018.

For further information, please contact:

 
Phoenix Spree Deutschland Limited 
 Stuart Young                                 +44 (0)20 3937 8760 
Numis Securities Limited (Corporate Broker)   +44 (0)20 3100 2222 
 David Benda 
 
 Tulchan Communications (Financial PR) 
 Elizabeth Snow                                +44 (0)20 7353 4200

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

MSCGGUCAPUPBGAP

(END) Dow Jones Newswires

February 12, 2019 10:57 ET (15:57 GMT)

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