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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| European Conv. | LSE:ECPC | London | Ordinary Share | GB00B0B7ZC68 | ORD EUR1.00 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.00105 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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RNS Number:5652F
European Convergence Property CoPLC
11 October 2007
11 October 2007
EUROPEAN CONVERGENCE PROPERTY COMPANY PLC
("ECPC" OR "THE COMPANY")
DISPOSAL OF THREE ROMANIAN PROPERTIES - UPDATE
ECPC is pleased to announce that the sale of its three investment properties in
Romania as announced on 1 August 2007 is nearing completion.
The Company is soon to receive the majority of the proceeds of the sale and is
working with its advisors to secure the most suitable mechanism for returning
these monies, along with any un-invested cash, to its shareholders.
To that end the Company will shortly be seeking appropriate resolutions from its
shareholders to allow an initial return of capital estimated as between Euro0.89
and Euro0.94 early in the first quarter of 2008.
Enquiries:
European Convergence Property Company plc +44 (0)1624 640200
Anderson Whamond
Charlemagne Capital +44 (0)20 7518 2100
Christopher Fitzwilliam Lay/Varda Lotan
Panmure Gordon (Broking) Limited +44 (0)20 7459 3600
Hugh Morgan/Jonathan Lack/Stuart Gledhill
Website: www.europeanconvergence.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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