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Share Name | Share Symbol | Market | Type |
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Rmr Asia Real Estate Fd | AMEX:RAF | AMEX | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0.00 | - |
RNS Number:8000P Real Affinity PLC 16 September 2003 Real Affinity plc ("Company") Agreement for Surrender of Property / Re Directorate The Company announces that it has reached agreement with Launcelot Properties Limited, the landlord of the Company's offices in Westbourne Grove, London ("the Property"), for the surrender of the Company's lease over the Property. The consideration for the release of the Property, which is let to the Company at an annual rent of #215,000, is the payment by the Company of #265,000, to be satisfied by the payment of #215,000 in cash and the issue of 2,000,000 new ordinary shares at a deemed issue price of 2.5p per share. A consequence of the surrender is that the Company will save over #800,000 over the remaining term of the lease, being the rent and other associated costs that the Company would otherwise have to pay. Application has been made for the 2,000,000 new ordinary shares to be admitted to trading on AIM and dealings are expected to commence on 19 September 2003. The Company also announces that Neil Muffitt, finance director, has resigned from the Board of the Company with immediate effect to pursue other business interests with one of the Group's client's. END This information is provided by RNS The company news service from the London Stock Exchange END AGRGUUWPBUPWUBQ
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