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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Bulgarian Prop. | LSE:BPD | London | Ordinary Share | GB00B058TT05 | ORD 25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 16.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:4922N Bulgarian Property DevelopmentsPLC 08 December 2006 FOR RELEASE 7.00am 8 DEC 2006 BULGARIAN PROPERTY DEVELOPMENTS PLC ("BPD" or "the Group") (The Group is primarily focussed on the development of commercial property and in particular building distribution centres and offices in Bulgaria) Notice of Annual Report and Accounts The Board of Bulgarian Property Developments plc announces that the report and accounts of the company for the year ended 30 June 2006 have been posted to shareholders. Copies will be available to the public, free of charge, for a month from the date hereof at the offices of CK Corporate Services Ltd, 443 Stroude Road, Virginia Water, Surrey GU25 4BU. Enquiries: Bulgarian Property Developments Ivo Hesmondhalgh (Joint Chief Executive) +44 (0) 20 7243 1336 Bulgarian Property Developments Philip Pashov (Joint Chief Executive) +359 (0) 963 13 59 Cubitt Consulting Brian Coleman-Smith / Nia Thomas / Allison Reid +44 (0) 20 7367 5100 Matrix Corporate Capital Limited Stephen Mischler +44 (0) 207 925 3393 Notes to Editor: Bulgarian Property Developments: Bulgarian Property Developments floated on AIM in January 2005, raising #4.2 million net. A further #32.9 million net was raised in January 2006. BPD is primarily focused on commercial property development as opposed to residential. Inheritance Laws in Bulgaria have given rise to fragmented land ownership. There are therefore considerable difficulties in assembling commercially viable sites exist. BPD has taken advantage of this opportunity to consolidate small land plots into larger ones for commercial development and had previously acquired 33 plots in the Sofia area the majority of which have been consolidated into four sites for commercial development. Following the fund raising in January 2006, BPD has been seeking to acquire larger sites for commercial development. A strong management team with cultural knowledge and connections in Bulgaria has facilitated has been requited. Background on the Bulgaria and the Property Market: Bulgaria is in a transitional period, moving from a command to a market economy. Bulgaria is joining the European Union in 2007, which should be favourable for the Bulgarian property market. Bulgaria joined NATO in 2004. The Bulgarian economy is growing strongly and Bulgaria is a politically stable country. It continues to develop with GDP growth estimated for 2005 of 5.4%. The Lev has been pegged to the Deutsche Mark since 1997 and the Euro since the Euros introduction as Euro 1: Lev 1.9558. Exchange rate used to convert: #1.00 = Euro 1.48 This information is provided by RNS The company news service from the London Stock Exchange END ACSILFIDFTLDIIR
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