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BKSA Black Sea

0.30
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Black Sea LSE:BKSA London Ordinary Share GB00B068H734 STERLING PROP SHS NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.30 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.30 GBX

Black Sea Property Fund (BKSA) Latest News

Black Sea Property Fund News

Date Time Source Headline
30/6/202320:15ALNCNewsTRADING UPDATES: On The Beach rejigs board, names new CEO and CFO

Black Sea Property Fund (BKSA) Discussions and Chat

Black Sea Property Fund Forums and Chat

Date Time Title Posts
15/2/201822:09BLACK SEA Property Fund211

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Black Sea Property Fund (BKSA) Most Recent Trades

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Black Sea Property Fund (BKSA) Top Chat Posts

Top Posts
Posted at 22/10/2016 10:04 by bbr391
03/09/16
Black Sea Property plc
Well it`s all very confusing a Market Cap of £4.5 million .
Not quite sure as to the actual share price though .Possibly 1.258 euro cents .or 0.125 ???
All very illuminating not .

And May


Well it began at the high of £3 million plus and has fallen back to a nice £1 .

It is a bargain at today`s level ,trading on ISDX .

In an staying in my portfolio for sometime.

Good luck All

And May
Posted at 03/9/2016 07:41 by bbr391
03/09/16
Black Sea Property plc
Well it`s all very confusing a Market Cap of £4.5 million .
Not quite sure as to the actual share price though .Possibly 1.258 euro cents .or 0.125 ???
All very illuminating not .

And May
Posted at 17/6/2015 08:56 by aries2000
even at this price am still in profit as you know recovery stocks are always the best.
Posted at 17/6/2015 08:13 by aries2000
when see a gem you have to share don't be greedy
Posted at 16/6/2015 14:37 by aries2000
Hello guys this company is not going bust please do read on it.This share is about to get very exciting.
Posted at 15/6/2015 07:10 by aries2000
Blue day BKSA
Posted at 14/6/2015 23:42 by aries2000
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Thursday 29 January, 2015
Black Sea Prop Fund
Re Agreement
RNS Number : 5362D
Black Sea Property Fund Limited
29 January 2015






The Black Sea Property Fund Limited

("Black Sea" or the "Company")



Loan Agreement


On 12 December 2014, the Board of Black Sea announced proposals to recommence investment activities in the residential real estate, holiday homes, commercial real estate and distressed real estate markets of Bulgaria and that it would shortly write to shareholders to seek approval to adopt a new investing policy, extend the life of the Company and raise funds as soon as practically possible to invest the Company's resources in the Bulgarian real estate market, subject to the approval of the Jersey Financial Services Commission.


In order to fund the current running costs of the Company, the Board of Black Sea announces that it has today entered into a loan agreement ("Loan Agreement") with Mamferay Holdings Limited ("Mamferay") whereby Mamferay will provide the Company with an unsecured loan of up to £350,000 (the "Loan"). £100,000 of the Loan is to be drawn down by the Company immediately, and the remaining £250,000 may be drawn down once the Company has received approval from the Jersey Financial Services Commission to extend the life of the Company. In the event that the Jersey Financial Services Commission does not approve the extension of the life of the Company or the Company is unable to raise sufficient funds to cover its working capital requirements, the Loan shall be free of interest and shall be used to fund the costs of winding up the Company, with any surplus being repayable to the lender (who will have no claim against the Company in respect of the balance). Subject to the above, the Loan will bear an interest rate of 3 months' Euribor plus two point five per cent per annum over the utilised portion of the loan, payable at the end of the term of the Loan. The Loan will be repayable on the earlier of a) one year after today's date or b) the date on which the Board determines that the Company has raised sufficient funds for its investment strategy.



The Company also has the option to convert the Loan and any accrued interest into shares in the Company at a price per share to be determined by reference to the volume weighted average price for the shares on the five immediately preceding days (such days to be selected by the Board in good faith as close as conveniently possible to the conversion date) on which trading took place on the AIM market of the London Stock Exchange, provided such a conversion would not result in additional financial expenses or further statutory obligations for Mamferay, including but not limited to an obligation for Mamferay to make an offer pursuant to the City Code on Takeovers and Mergers.



As Mamferay is a substantial shareholder in the Company, the Loan Agreement is deemed to be a related party transaction under the AIM Rules. The Board, having consulted with the Company's nominated adviser, Cairn Financial Advisers LLP, considers that the terms of the Loan Agreement are fair and reasonable insofar as shareholders are concerned.


For further information please contact:

The Black Sea Property Fund Limited
Posted at 14/6/2015 23:31 by aries2000
Print Mail a friend
Friday 12 December, 2014
Black Sea Prop Fund
Resignation of Directors
RNS Number : 5781Z
Black Sea Property Fund Limited
12 December 2014


Black Sea Property Fund Limited

("Black Sea" or the "Company")

Resignation of Directors

On 18 November 2014 the Company convened an Extraordinary General Meeting to consider resolutions put forward by Fitel Nominees Limited on behalf of Mamferay Holdings Limited to appoint Trevor Hunt and Alexander Borrelli as new directors and to remove John Chapman, Stephen Coe and Andrew Wignall as directors.

Three shareholders, representing 71.3% of the entire issued share capital, voted for the removal of John Chapman and Stephen Coe. Shareholders representing all of the remaining share capital which voted by proxy either voted against the resolutions or returned a proxy but withheld their vote.

John Chapman and Stephen Coe have therefore tendered their resignations with effect from 10 a.m. on 12 December 2014. Those resignations have been accepted by the Board.

John Chapman, Chairman of the Company commented, "I would like to thank my colleagues for their hard work realising the Company's assets and delivering returns to shareholders in accordance with our shareholders' wishes. Since we have completed the disposal process our shareholders authorized, the share registry has changed and new shareholders have decided on a different direction for the Company. The Board has questioned the wisdom of this decision, but in accordance with the vote I wish the new board the best of luck in their future endeavours."

The Company expects to release a further announcement following the conclusion of the Extraordinary General Meeting.

Enquiries:





Nplus1 Singer (Nomad)

James Maxwell / Gillian Martin

020 7496 3000

SJ Secretaries Limited (Company Secretary)

01534 850 750
Posted at 14/6/2015 23:02 by aries2000
Alex Borrelli of metal tiger MTR is the Non-Executive Chairman at BKSA do the maths.
Posted at 11/6/2015 13:46 by bckttsim
Please issue an RNS telling why the price has fallen from the 1p high in the last 12 months !!!!!
Black Sea Property Fund share price data is direct from the London Stock Exchange

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