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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Equable Prop | EQU | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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| 0.00 | 0.00% | 0.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.50 |
| Top Posts |
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Posted at 30/3/2007 15:20 by jarvisd4e Equable has raised £1,554,900 before expenses via the placing of 111,064,286 ordinary shares at 1.4p per share with institutional and private client investors ("Placing"). |
Posted at 30/3/2007 14:29 by topinfo This newcomer from Desmond Bloom looks set to soar. Take a look at his previous investments, listed below.!!!Embargoed: 0700hrs, 30 March 2007 Equable Properties Plc ("Equable" or "the Company") First Day of Dealings Equable Properties Plc, the commercial property investment company founded by Desmond Bloom, is delighted to announce that trading in its shares on the AIM market of the London Stock Exchange will commence today. The Company, which intends to build a sizeable portfolio of commercial property to include retail, offices, industrial, hotels and pubs, has today completed its first portfolio acquisition. The portfolio of ten pubs throughout England and Wales has been acquired as to £4.5m of cash and the issue of 12m shares in Equable. Property valuers Knight Frank have valued the portfolio, with an initial yield of 8%, at £5.7m. Equable has raised £1,554,900 before expenses via the placing of 111,064,286 ordinary shares at 1.4p per share with institutional and private client investors ("Placing"). In addition to expanding its core portfolio in the UK, Equable intends to explore opportunities internationally and, in particular, within the developing economies of Eastern Europe. Desmond Bloom, the founder and Chief Executive of Equable, has more than 30 years experience within the commercial property industry. He was Chairman and Managing Director of Dwyer Plc which was listed on the London and Dublin stock exchanges. He later became Chairman and Managing Director of Premier Land Plc, a commercial property investment company listed on the London Stock Exchange. Both companies enjoyed tremendous success under Desmond's directorship with the shares increasing from 6p to 405p and 5p to 95p respectively. The non-executive Chairman of Equable Properties, Nicholas Jeffrey, has considerable public company experience and, most recently, was Chairman of Coffee Republic Plc, where he continues as a non-executive director. Nicholas is the former Chairman of United Industries Plc as well as several other quoted companies. Desmond Bloom, Chief Executive, commented, "I am strongly of the opinion that commercial properties will continue to enjoy capital appreciation as a result of rental growth in a buoyant UK economy. For this reason, we are delighted to offer investors a platform, in the form of Equable Properties, to participate in what I intend to be a diverse and solid UK portfolio with the possible additional upside of potential exceptional returns from the developing economies of Eastern Europe." For further information, please contact, Desmond Bloom Chief Executive, Equable Properties Plc Tel. 07793 125 625 Ben Simons Hansard Group Tel. 020 7245 1100 Robert Lo/Natasha Reed Nabarro Wells & Co. Tel. 020 7710 7400 Placing and Admission Details Placing Price: 1.4p Number of Existing Ordinary Shares: 5,000,000 New Ordinary Shares being issued pursuant to the Placing: 111,064,286 Number of Ordinary Shares in issue following the Placing: 129,850,000 Percentage of enlarged issued ordinary share capital being represented by the Placing Shares: 85.53% Percentage of enlarged issued ordinary share capital held by the Directors: 9.35% Market capitalisation on Admission at the Placing Price: £1,817,900 Net proceeds: £1,070,692 EQUABLE PROPERTIES PLC |
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