AGM Statement

 

TIDMBPD 
 
RNS Number : 2355R 
Bulgarian Property DevelopmentsPLC 
27 April 2009 
 

FOR IMMEDIATE RELEASE 
27 APRIL 2009 
 
 
 
 
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR 
FROM AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES 
 
 
 
 
Bulgarian Property Developments Plc 
 
 
("BPD" or the "Company") 
 
 
Annual General Meeting 
 
 
At the Annual General Meeting of the Company held earlier today all resolutions 
were duly passed on a show of hands. 
 
 
It is expected that admission of the Company's shares to trading on AIM will be 
cancelled with effect from 7.00am on 28 April 2009. 
 
 
BPD notes the announcement made by Windsorville Investments Ltd. 
("Windsorville") that it is implementing the procedure under sections 979 to 991 
of the Companies Act 2006 to acquire compulsorily those BPD shares which it does 
not already hold or has not already acquired or contracted to acquire, or in 
respect of which it has not already received valid acceptances under its offer. 
BPD also notes that Windsorville's offer will remain open for acceptance until 
further notice. 
Enquiries: 
Bulgarian Property Developments Plc 
Keith Springall                          [phone] 
 
 
Matrix Corporate Capital LLP (Nominated Adviser) 
Stephen Mischler                      [phone] 
 
 
Cubitt Consulting 
Brian Coleman-Smith/James Verstringhe    [phone] 
 
 
  Dealing Disclosure Requirements 
Under the provisions of Rule 8.3 of the Takeover Code (the 'Code'), if any 
person is, or becomes, 'interested' (directly or indirectly) in 1 per cent or 
more of any class of 'relevant securities' of BPD, all 'dealings' in any 
'relevant securities' of that company (including by means of an option in 
respect of, or a derivative referenced to, any such 'relevant securities') must 
be publicly disclosed by no later than 3.30 p.m. (London time) on the London 
business day following the date of the relevant transaction. This requirement 
will continue until the date on which the offer becomes, or is declared, 
unconditional as to acceptances, lapses or is otherwise withdrawn or on which 
the 'offer period' otherwise ends. If two or more persons act together pursuant 
to an agreement or understanding, whether formal or informal, to acquire an 
'interest' in 'relevant securities' of BPD, they will be deemed to be a single 
person for the purpose of Rule 8.3. 
Under the provisions of Rule 8.1 of the Code, all 'dealings' in 'relevant 
securities' of Windsorville or of BPD by Windsorville or BPD, or by any of their 
respective 'associates', must be disclosed by no later than 12.00 noon (London 
time) on the London business day following the date of the relevant transaction. 
A disclosure table, giving details of the companies in whose 'relevant 
securities' 'dealings' should be disclosed, and the number of such securities in 
issue, can be found on the Takeover Panel's website at 
www.thetakeoverpanel.org.uk. 
'Interests in securities' arise, in summary, when a person has long economic 
exposure, whether conditional or absolute, to changes in the price of 
securities. In particular, a person will be treated as having an 'interest' by 
virtue of the ownership or control of securities, or by virtue of any option in 
respect of, or derivative referenced to, securities. 
Terms in quotation marks are defined in the Code, which can also be found on the 
Panel's website. If you are in any doubt as to whether or not you are required 
to disclose a 'dealing' under Rule 8, you should consult the Panel. 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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