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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 | 00:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Nov 2019 to Nov 2024
TIDMECPC
RNS Number : 1394Y
European Convergence Property CoPLC
17 December 2010
17 December 2010
EuroPean convergence PROPERTY company plc
("ECPC" OR "THE COMPANY")
Update
The Directors of European Convergence Property Company PLC ("ECPC" or the "Company") wish to advise that the Company is in the process of arranging a valuation on its last remaining asset in Bulgaria, Mall Veliko Turnovo in preparation for the annual report and accounts for the period ending 31 December 2010.
Whilst the outcome of this valuation will not be known until early in the New Year, the Directors believe that it is important to keep shareholders informed of the continuing difficult trading conditions which, when combined with the uncertain economic outlook in this region, are likely to lead to an impairment on the Company's asset.
The Directors have resolved to make this statement, well in advance of the annual report and accounts, as they believe that although the quantum of the impairment is as yet unknown, it is likely to be material in relation to the Company's current Net Asset Value.
For further information please contact:
Charlemagne Capital (UK) Limited +44 (0)207 518 2100 Varda Lotan / Christopher marketing@charlemagnecapital.com Fitzwilliam Lay www.charlemagnecapital.com Galileo Fund Services Limited +44 (0)1624 692600 Ian Dungate, Company Secretary Panmure Gordon (UK) Limited 44 (0)20 7459 3600 Hugh Morgan Abhishek Majumdar Smithfield Consultants +44 (0)20 7360 4900 John Kiely Gemma Froggatt
This information is provided by RNS
The company news service from the London Stock Exchange
END
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