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PGI Pgi Grp

8.75
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Pgi Grp LSE:PGI London Ordinary Share GB0006911696 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% 8.75 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Final Fund Closing

04/08/2006 1:26pm

UK Regulatory


RNS Number:2686H
PGI Group PLC
04 August 2006





PGI Group plc


St. Petersburg, Russia, July 31, 2006:


Jensen Group, a real estate developer based in St. Petersburg, Russia, announces
the Final Closing of its Cayman Islands based fund, Jensen Group I Limited
Partnership, on July 31, 2006.  This close brings the total size of the Fund to
$100,835,000.


Jensen will invest this Fund in discretionary opportunities as well as an
identified property, Sestra River Developments.  Sestra River is a spin-off of
land and buildings previously owned by Sestroretsk Instrument Works, the oldest
factory in Saint Petersburg which was founded by Peter the Great in 1721. Jensen
plans to develop Sestra River into a mixed-use project to help revitalize
Sestroretsk, Saint Petersburg's most prestigious suburb.


Jensen Group has been developing properties in St. Petersburg successfully since
1994.  In 2005, PGI Group PLC (PGI-LON) acquired 80% of Jensen.

Contact Information: Elizabeth Malloy, Head of Investor Relations, egm@jensen.ru






                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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