Company statement at AGM

 

TIDMBLK 
 
RNS Number : 4629O 
Blackrock International Land PLC 
30 June 2010 
 

Blackrock International Land plc 
 
Company statement at AGM 
 
 
Blackrock International Land plc will hold its Annual General meeting today in 
the D4 Berkeley Hotel at 11.00am. 
 
There have been several significant developments in Blackrock and in the markets 
in which it operates during the first half of 2010: 
 
·      Two disposals were concluded during the period - an industrial facility 
at the Xerox complex in Dundalk and an office building in Milton Keynes - 
generating cash of EUR6.75 million for the group. 
 
·      The remaining 50% of the Drum Estate in Edinburgh was acquired from the 
administrator of Applecross Properties Limited on satisfactory terms. 
 
·      On the planning front, good progress continues to be made in relation to 
several of the group's development properties, most notably in Scotland. 
 
 
·      At the operating income level, the group expects to achieve an improved 
result for the first six months compared to the same period last year. 
 
·      The rate of decline in property valuations slowed dramatically in the 
period and, reflecting this, the company anticipates that its net assets per 
share at 30 June 2010 will be of the order of EUR0.09 compared to EUR0.1032 at last 
year end. 
 
 
·      The company continues to engage in positive discussions with its 
principal banker on its loan facilities. 
 
The group continues to benefit from an extensive, well-diversified portfolio of 
assets and the board remains focused on maximising income, reducing costs and 
adding value wherever feasible with a view to placing the company in the best 
position possible as market conditions improve. 
 
 
 
 
Blackrock International Land plc 
30 June 2010 
 
 
For further information, please contact: 
Debbie O'Brien, WHPR - Tel: [phone] 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 AGMSEFFIUFSSEIM