Proposed Investment Update &Capital Reorganisation

RNS Number : 7094L

Aisi Realty Public Limited

04 August 2011

 



Aisi Realty Public Limited

("Aisi" or "the Company")

Update on Proposed Investment and Capital Reorganisation

Aisi Realty Public Limited (AIM: AISI), a property investment company focusing on development projects and related investments in Ukraine, announces that following shareholder approval being obtained on all resolutions proposed at the First EGM and Second EGM on 17 and 24 July 2011 respectively, that the Company will proceed with implementing the Capital Reorganisation on the basis of the following key dates:

Record date for Capital Reorganisation	5 p.m. on 8 August 2011
Effective date for consolidation of Existing Ordinary Shares and issue of New Ordinary Shares	Expected 8 a.m. on 9 August 2011

Admission of New Ordinary Shares to trading on AIM expected 9 August 2011.

Post Capital Reorganisation, the new ISIN of the Company will be CY0102102213 and the SEDOL will be B6WC674.

In addition, in order to allow completion of certain conditions precedent to the Proposed Investment by South East Continent Unique Real Estate ("SECURE") Management, the deadline for completion of such conditions precedent has, following agreement between the Company, the Manager and Secure Management, been further extended from 30 July 2011 to 8 a.m. 8 August 2011. The Directors are confident that the remaining outstanding conditions will be achieved shortly and that no further extensions will be required. In particular the Company's annual results for the year ended 31 December 2010 are expected to be announced on 5 August 2011 and subsequently posted to shareholders on 8 August 2011. 

 

Terms used in this announcement and not otherwise defined shall have the same meanings as defined in the Company's announcement dated 4 July 2011.

- Ends -

Enquiries:

AISI Realty Public Ltd
Paul Ensor, Chairman	[phone]
Beso Sikharulidze	[phone]
Seymour Pierce Limited
Nandita Sahgal / David Foreman (Corporate Finance)	[phone]
Leti McManus (Corporate Broking)

 

END

 

 

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