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SIPP Spec Inves Prop

16.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Spec Inves Prop LSE:SIPP London Ordinary Share IM00BZ97VJ22 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 16.00 15.00 17.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Specialist Investment PropertiesPLC Implementation of Investing Policy (0806K)

16/09/2016 12:00pm

UK Regulatory


Spec Inves Prop (LSE:SIPP)
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TIDMSIPP

RNS Number : 0806K

Specialist Investment PropertiesPLC

16 September 2016

16 September 2016

Specialist Investment Properties plc

(the "Company" or "SIPP")

Implementation of Investing Policy

On 16 September 2015, the Company announced that its shareholders had voted at a general meeting of the Company to adopt a new investing policy to become an investment property company acquiring and holding freehold properties (and, in rare cases, long lease-hold properties) in specialised sectors of the property market, with an initial and primary focus on investing in purpose-built homes for adults with learning difficulties requiring support from carers (for example adults with autism), purpose-built care homes for the elderly and infirm and converted dwellings accommodating young adults/late teens requiring extensive support from social services (the "Investing Policy").

The Company is pleased to announce that it has implemented its Investing Policy in accordance with the AIM Rules for Companies.

The Company also announced on 30 June 2016 that following the departure of David Craine from the board, it intended to appoint a further non-executive director. The Company is continuing its search for an individual with the experience and skills to benefit the board. A further announcement will be made in due course.

For further information:

Specialist Investment Properties plc

John Le Poidevin / Lynn Bruce

+44 (0) 1481 724222

Puma Investment Management Limited (Investment Adviser to the Company)

David Kaye

+44 (0) 20 7408 4050

Allenby Capital Limited (Nomad and Broker to the Company)

David Worlidge / James Thomas / Liz Kirchner

+44 (0) 20 3328 5656

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCSFLFSMFMSEIU

(END) Dow Jones Newswires

September 16, 2016 07:00 ET (11:00 GMT)

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