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BSP Black Sea Property Plc

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Share Name Share Symbol Market Type Share ISIN Share Description
Black Sea Property Plc AQSE:BSP Aquis Stock Exchange Ordinary Share IM00BYQLTS50 Ordinary shares
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Black Sea Property PLC Acquisition extension (7555R)

30/10/2023 4:14pm

UK Regulatory


Black Sea Property (AQSE:BSP)
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From Dec 2022 to Dec 2024

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TIDMBSP

RNS Number : 7555R

Black Sea Property PLC

30 October 2023

30 October 2023

BLACK SEA PROPERTY PLC

("Black Sea Property" or the "Company")

Black Sea Property PLC, the Bulgarian real estate investment company, is pleased to announce that it has agreed an extension to the deadline for payment of the balance of the consideration due for the acquisition of 98.27% of the Grand Hotel Varna AD (the "Acquisition"), previously announced on 21 July 2023. The outstanding balance of the consideration, amounting to approximately EUR16 million, is now due for payment on 6 November 2023.

The Grand Hotel Varna AD owns GHV-Dolphins EAD, a Bulgarian company holding the title to real estate comprising of three hotels and a beach marina resort situated in a prime location on the Black Sea Coast.

   For further information, please visit  www.blackseapropertyplc.com   or contact the following: 
 
 BLACK SEA PROPERTY PLC 
  Simon Hudd - Chairman            +44 (0) 7568 605330 
 PETERHOUSE CAPITAL LIMITED 
  Aquis Corporate Adviser 
  Heena Karani and Duncan Vasey    +44 (0) 207 469 0930 
 

Market Abuse Regulation (MAR) Disclosure

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation EU 596/2014 as it forms part of retained EU law (as defined in the European Union (Withdrawal) Act 2018).

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

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(END) Dow Jones Newswires

October 30, 2023 12:14 ET (16:14 GMT)

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