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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Black Sea | LSE:BKSA | London | Ordinary Share | GB00B068H734 | STERLING PROP SHS NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.30 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMBKSA
RNS Number : 8027J
Black Sea Property Fund Limited
22 December 2015
The Black Sea Property Fund Limited
("Black Sea" or the "Company")
Update on Cancellation
Further to the announcement made by the Company on 14 December 2015, the Company has been advised that the acquisition of the proposed property investments referred to in the announcement would not be considered by AIM to have substantially implemented the Company's investing policy in accordance with the AIM Rules for Companies.
The admission of the Company's shares to AIM is therefore due to be cancelled with effect from 16 January 2016. The Company will shortly be writing to shareholders to set out the options for the Company and to convene a general meeting of the Shareholders to consider whether: (a) to continue seeking investment opportunities (with or without a listing for the Company's shares); or (b) to wind up the Company and distribute any surplus cash back to Shareholders.
For further information please contact:
The Black Sea Property Fund Limited
Alex Borrelli, Chairman Tel: +44 7747 020600
Cairn Financial Advisers LLP Tel: +44 20 7148 7900
Nominated Adviser
Sandy Jamieson, Emma Earl
Peterhouse Corporate Finance Limited Tel: + 44 20 7469 0930
Sole broker
Heena Karani, Charles Goodfellow
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCUAOBRVNAUUAA
(END) Dow Jones Newswires
December 22, 2015 02:00 ET (07:00 GMT)
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