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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Eur.Conv.Dev | LSE:ECDC | London | Ordinary Share | GB00B1BJRB27 | ORD EUR0.80 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.07 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMECDC
RNS Number : 9586R
European Convergence Develop. CoPLC
18 September 2014
18 September 2014
EUROPEAN CONVERGENCE DEVELOPMENT COMPANY PLC
("ECDC" OR "THE COMPANY")
Disposal of Asset
As per the Company's Annual Report and Accounts for the year ended 31 December 2013, the Company has been considering all options for the investment in Trade Centre Sliven EAD ("TCS"). The Company is pleased to announce the sale of its entire holding in TCS, representing 42.5% of TCS, for a cash consideration of EUR1,699,298 to Property Capital Group AD. The consideration will be held as cash, pending the Shareholder vote regarding the proposed new investing policy on 2 October 2014. The carrying value of the holding in TCS as set out in the Annual Report and Accounts for year ended 31 December 2013 of the Company was EUR1,677,000. The Company will record a profit on disposal of EUR22,298.
In addition, the loan to Property Capital Group AD of EUR91,426 was also repaid in full.
For further information please contact:
European Convergence Development +44 (0)1624 Company plc 640200 Anderson Whamond +44 (0)207 Charlemagne Capital 518 2100 Varda Lotan +44 (0)1624 Galileo Fund Services Limited 692600 Ian Dungate, Company Secretary +44 (0)20 Panmure Gordon (UK) Limited 7886 2500 Hugh Morgan +44 (0)20 Smithfield Consultants 7360 4900 Ged Brumby Henry Wallers
Website: www.europeanconvergencedevelopment.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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