Cancellation of trading on AIM

 

TIDMBPD 
 
RNS Number : 5724P 
Bulgarian Property DevelopmentsPLC 
26 March 2009 
 

FOR IMMEDIATE RELEASE 
26 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") 
 
 
Cancellation of Trading on AIM 
 
 
As Windsorville Investments Limited ("Windsorville") has acquired or agreed to 
acquire more than 75 per cent. of the voting rights attaching to the ordinary 
shares in BPD, the Board of BPD announces, at the request of Windsorville, that 
it is expected that admission of the Company's shares to trading on AIM will be 
cancelled with effect from 7.00 a.m. on 28 April 2009. 
 
 
Enquiries: 
 
 
Matrix Corporate Capital LLP (Nominated Adviser) 
Stephen Mischler+44 (0) 20 3206 7000 
Anu Tayal 
 
 
Cubitt Consulting 
Brian Coleman-Smith/James Verstringhe+44 (0) 20 7367 5100 
 
 
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unconditional as to acceptances, lapses or is otherwise withdrawn or on which 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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