Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Romania Prop | LSE:RPF | London | Ordinary Share | GG00B2334D09 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 6.50 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMRPF RNS Number : 4096N Romania Property Fund Limited 10 June 2010 +----------------------------------+----------------------------------+ | | 10 June 2010 | +----------------------------------+----------------------------------+ For immediate release The Romania Property Fund Limited ("Romania Property Fund" or "the Company") Suspension of trading on AIM The directors (the "Directors") of Romania Property Fund report that they have today requested that the Company's shares be suspended from trading on AIM with immediate effect due to uncertainty in relation to the Company's current financial position. The Company is required to release its audited accounts for the period ended 31 December 2009 to shareholders by 30 June 2010. The Directors note that given the Company's current financial position, and following discussions with its auditors, the audited accounts would not be able to include confirmation that the Company will continue to operate as a going concern. The Company is currently in discussions regarding a potential restructuring of the Company and simultaneous fundraising. These proposals would constitute a reverse takeover under the AIM Rules and a restoration of trading in the Company's shares would only occur upon publication by the Company of a re-admission document containing full details of the proposals and seeking the requisite shareholder consents. It is anticipated that the Company's audited accounts would also be published at such time. However, if such proposals are not consummated, the Directors expect that the Company will be placed into administration. Shareholders will be updated further in due course. For further information please contact: +---------------------------+----------+----------------------------------------+ | The Romania Property Fund | | | | Limited | | | +---------------------------+----------+----------------------------------------+ | Richard Prickett, | | +44 (0) 777 565 1421 | | Chairman | | | +---------------------------+----------+----------------------------------------+ | | | | +---------------------------+----------+----------------------------------------+ | Canaccord Genuity Limited | | | | (Nominated Adviser and | | | | Broker) | | | +---------------------------+----------+----------------------------------------+ | Sue Inglis/Robert Finlay | | +44 (0) 207 050 6500 | +---------------------------+----------+----------------------------------------+ Sapphire Capital Partners LLP (Investment Manager) Boyd Carson +44 (0) 870 734 8912 About Romania Property Fund The Company is a closed-ended, Guernsey registered investment company. Its shares are listed and traded on the Alternative Investment Market ("AIM"). The investment objective of the Company is to generate capital gains through investing in residential and commercial property in Romania. The investment strategy of the Company is to work with developers at the earliest possible stage. This information is provided by RNS The company news service from the London Stock Exchange END SRSSFDFFSFSSELM
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