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Ablon Group Limited (ABL)

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Monday 21 May, 2012

Ablon Group Limited

Director/PDMR Shareholding

RNS Number : 7747D
Ablon Group Limited
21 May 2012




ABLON Group Limited


Dealings by Director


ABLON Group Limited ("ABLON" or "the Company"), a leading real estate owner and developer in Central Europe, announces that it was informed on 21 May 2012, that Mr. Uri Heller, Chief Executive Officer of the Company, has purchased 25,000 ordinary shares in the Company at a price of 24.6 pence per share on 18 May 2012. As a result of this transaction, Mr Uri Heller has a beneficial interest in 39,227,705 ordinary shares in the Company, representing approximately 28.65% of the total voting rights in the Company.



For further information, please contact:


ABLON Group Limited 
Kristóf Skwarek                                                           Tel. +36 1 225 6600


Arden Partners plc

Adrian Trimmings / Justine Waldisberg                          Tel. +44 (0)20 7614 5900


ING Wholesale Banking (Joint Corporate Broker)

Nathalie Bachich de Recina                                           Tel. +44 (0)20 7767 8362


Newgate Threadneedle (Financial PR)

Graham Herring                                                            Tel. +44 (0) 20 7653 9858

Terry Garrett                                                                Tel. +44 (0) 20 7653 9845




About ABLON Group Limited


Founded in 1993 in Budapest (Hungary), ABLON and its subsidiaries (together the "ABLON Group") has properties at 34 locations, of which there are 15 completed projects, one project in the construction phase and 23 development projects in Budapest, Prague, Bucharest, Warsaw and Gdansk. Its portfolio comprises a diversified mix of office, residential, retail, logistics and hotel developments valued at €484 million by external independent appraiser (GVA), as at 31 December 2011. The ABLON Group had, as at 31 December 2011, 202,000 square metres of existing and income generating office, residential, hotel, retail and logistics assets (at 15 locations) in Budapest and Prague, with a significant development land bank comprising a further 1,236,300 square metres (at 24 locations) in Budapest, Prague, Bucharest, Warsaw and Gdansk. ABLON's shares are traded on the Main Market of the London Stock Exchange under the ticker 'ABL'.



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