Board Changes

 

TIDMBPD 
 
RNS Number : 7311P 
Bulgarian Property DevelopmentsPLC 
30 March 2009 
 

FOR IMMEDIATE RELEASE 
30 MARCH 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") 
 
 
Board Changes 
 
 
 
 
The Board of BPD announces the following changes to the Board. 
 
 
Messrs McGuire (aged 42) and Piwek (aged 54) are appointed to the Board and 
Messrs Williams, Mackay, Galchev, Hesmondhalgh and Pashov have all stepped down 
with effect from 27 March 2009. 
 
 
Disclosures: 
 
 
Mr Richard Anthony McGuire is currently a member of Pentland Capital Management 
LLP 
 
 
Current directorships and partnerships held by Mr Marek Wiktor Piwek are as 
follows: 
 
 
Anapol Sp. z.o.o. 
Arad Agriculture Development SRL 
Artikop Sp. z.o.o. 
Baldom Sp. z.o.o. 
Botanica Real Estate Holding SRL 
Buftea Real Estate Investment SRL 
Buicani Real Estate Holding 
Chisinau Real Estate Holding SRL 
Crevedia Real Estate Holding SRL 
Dabuleni Agriculture Development SRL 
Floreasca Real Estate Investmen s SRL 
Floresti Real Estate Holding SRL 
Fundacja ProKultura 
Interfruit Sp. z.o.o. 
Kavama Real Estate Investments OOD 
Magheru Holding SRL 
Buicani Real Estate Holding 
Melix Real Estate Holding SRL 
Moldovan Acquisition Company SRL 
Monastur Holding SRL 
Pellene Sp. z.o.o. 
Peris Real Estate Holding SRL 
Rafapol Sp. z.o.o. 
Remispol Sp. z.o.o. 
Sanagov Real Estate Holding SRL 
Snagov Leisure Park SRL 
Tancabesti Real Estate Holding SRL 
 
 
Directorships and partnerships held by Mr Marek Piwek in the last five years are 
as follows: 
 
 
Doradztwo Finanansowo Rachunkowe 
Dialog S.A. 
 
 
There are no further disclosures required under schedule 2(g) of the AIM Rules. 
 
 
Enquiries: 
 
 
Matrix Corporate Capital LLP (Nominated Adviser) 
Stephen Mischler+44 (0) 20 3206 7000 
Anu Tayal 
 
 
Cubitt Consulting 
Brian Coleman-Smith 
                                         [phone] 
James Verstringhe 
 
 
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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