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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:2464Z Bulgarian Property DevelopmentsPLC 28 June 2007 FOR IMMEDIATE RELEASE 28 JUNE 2007 BULGARIAN PROPERTY DEVELOPMENTS PLC ("the Company") (The Group is primarily focussed on the development of commercial property and in particular building pre-let warehousing, distribution centres and offices) RESULT OF EXTRAORDINARY GENERAL MEETING At the Extraordinary General Meeting held in London today all resolutions were passed. The Company will now issue 34,250,000 new Ordinary Shares which were conditionally placed with institutional investors at 64 pence per Placing Share to raise #21.9 million before expenses. Application will be made for the Placing Shares to be admitted to trading on AIM and dealings are expected to commence on 3 July 2007. Following admission of these shares to trading, the number of ordinary shares in issue will be 106,790,657. It is anticipated that the net proceeds of the Placing will be used to fund the following: * Euro13 million for the initial phases of the development and construction of the Group's existing projects over the next 12 months; and * Euro17 million for the acquisition of projects in the Group's pipeline. It is expected that these funds will be invested over the next twelve months. 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 / James Versinghe +44 (0) 20 7367 5100 Matrix Corporate Capital LLP Ken Vere Nicoll +44 (0) 20 925 3300 This information is provided by RNS The company news service from the London Stock Exchange END REGUWSVRBURNUAR
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