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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:7905D Bulgarian Property DevelopmentsPLC 31 May 2006 FOR RELEASE 7.00am 31 May 2006 BULGARIAN PROPERTY DEVELOPMENTS PLC (''Bulgarian Property Developments'' or "the Group") (The Group is primarily focussed on the development of commercial property and in particular building pre-let warehousing, distribution centres and offices in Bulgaria) Keith Springall appointed as Finance Director Bulgarian Property Developments, the company focused on the development of commercial property in Bulgaria, announces that Keith Springall F.C.A has today been appointed Finance Director. Keith Springall, age 50, brings great experience to the board having served previously as Finance Director of Bartercard plc, the global business to business trade exchange which acts as a facilitator and marketplace for barter transactions and Indus International Limited, the UK subsidiary of the NASDAQ quoted software and services company. Earlier in his career, he worked for Jardine Matheson subsidiaries in Asia and Australia. Christian Williams, the Chairman of Bulgarian Property Developments, commented: "We are delighted that Keith Springall has joined the board. Keith, with his financial skills and international experience will complement and strengthen an already excellent management team." Save as disclosed below, there are no further details required to be disclosed pursuant to schedule 2 (g) of the AIM rules Keith John Springall, F.C.A, age 50 Other Directorships Current Within the last five years Belahray Consultancy Ltd Indus International Limited Molecob Limited PST (International) Limited WFMH UK Limited Bartercard plc Keith Springall resigned from PST (International Limited ("PST") in February 2004. PST and its subsidiaries were placed in administration in June 2004 and are now in liquidation. Enquiries: Bulgarian Property Developments Ivo Hesmondhalgh (Joint Chief Executive) +44 (0) 20 7243 1336 Cubitt Consulting Brian Coleman-Smith / Nia Thomas / Allison Reid +44 (0) 20 7367 5100 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. Bulgarian Property Developments 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. Bulgarian Property Developments has taken advantage of this opportunity to consolidate small land plots into larger ones for commercial development. The company has already negotiated ownership of 33 plots and the majority have been consolidated into four sites for commercial development. A strong management team with cultural knowledge and connections in Bulgaria has facilitated such negotiations. Background on the Bulgaria and the Property Market: Bulgaria is in a transitional period, moving from a command to a market economy. Bulgaria has applied to join the European Union in 2007, which should be favourable for the Bulgarian property market. 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%. This information is provided by RNS The company news service from the London Stock Exchange END BOAEAXSEDAKKEFE
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