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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Orchid Dev | LSE:OCH | London | Ordinary Share | KYG6791P1072 | ORD EUR0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.875 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMOCH
RNS Number : 3698X
Orchid Developments Group Ltd
14 February 2012
AIM: OCH
14 February 2012
Orchid Developments Group Ltd
("Orchid" or the "Company")
Update ahead of Extraordinary General Meeting on 15 February 2012 ("EGM")
On 27 January 2012 Orchid, the specialist investor in the Bulgarian real estate and leisure market, announced that it had received a preliminary approach from a third party which may or may not lead to an offer for the Company being made ("Approach").
The Company confirms that the Approach, which remains at a very preliminary stage, has been made on the basis of publicly available information and remains subject to due diligence and, accordingly, there can be no guarantee that a transaction will ensue. The Company is continuing to seek to clarify the terms of the Approach but would like to emphasize that the indicative price currently proposed by the third party is below the closing middle market price per share on 13 February 2012.
Ends
Contacts: Orchid Developments Guy Meyohas +35 92 981 9955 Shore Capital and Corporate Limited Dru Danford / Bidhi Bhoma / Toby Gibbs +44 20 7408 4090 MHP Communications Reg Hoare / Tim McCall / Vicky Watkins +44 20 3128 8100
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCSFASALFESEIE
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