REG - Secure Property Dev - Notice of EGM

Secure Property Development & InvestmentAnnouncement

17/06/2024 09:30

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RNS Number : 6812S  Secure Property Dev & Inv PLC  17 June 2024

Secure Property Development & Invest PLC/ Index: AIM / Epic: SPDI /
Sector: Real Estate

17 June 2024

 

Secure Property Development & Investment PLC ('SPDI' or 'the Company')

 

Notice of EGM

 

Secure Property Development & Investment PLC, the AIM quoted South Eastern
European focused property company, announces that it has today sent a Notice
of Extraordinary General Meeting (the "EGM") and associated proxy to
shareholders.  A copy of the Notice of EGM can also be found on the Company's
website at http://www.secure-property.eu/investor-relations/company-documents/
(http://www.secure-property.eu/investor-relations/company-documents/) .

 

The EGM will be held at the registered address of the Company, 16 Kyriakos
Matsis Avenue, Eagle House, 10th Floor, 1082 Nicosia, Cyprus on 10 July 2024
at 11:00 a.m.

 

The purpose of the EGM is to make the necessary changes to the Company's share
capital structure in order to permit the distribution to shareholders of SPDI
their pro rata allocation of shares of Arcona Property Fund N.V. held by the
Company, or by a bank transfer of readily available funds, or both as the
board of directors may in their absolute discretion may decide. To do this,
the Company's redeemable preference Class B shares need to be cancelled
(Resolution 1) and the Company's share premium account needs to be reduced
(Resolutions 2 and 3). Shareholders are encouraged to read the Notice of EGM
in full for further detail. Both resolutions are to be proposed as special
resolutions, and therefore require 75% of those voting to vote in favour to
pass.  The Board recommends all shareholders vote in favour of the
resolutions, as it intends to do so in respect of its beneficial holdings.

 

**ENDS**

 

For further information please visit www.secure-property.eu
(http://www.secure-property.eu/#_blank)  or contact:

 

 Lambros Anagnostopoulos  SPDI                       Tel: +357 22 030783

 Rory Murphy              Strand Hanson Limited      Tel: +44 (0) 20 7409 3494

 Ritchie Balmer

 Robert Collins

 Jon Belliss              Novum Securities Limited   Tel: +44 (0) 207 399 9400

 Susie Geliher            St Brides Partners Ltd     Tel: +44 (0) 20 7236 1177

 Isabelle Morris

 

Notes to Editors

 

Secure Property Development and Investment plc is an AIM listed property
development and investment company focused on the South East European
markets.  The Company's strategy is focused on generating healthy investment
returns principally derived from: the operation of income generating
commercial properties and capital appreciation through investment in high
yield real estate assets.  The Company is focused primarily on commercial and
industrial property in populous locations with blue chip tenants on long term
rental contracts.  The Company's senior management consists of a team of
executives that possess extensive experience in managing real estate companies
both in the private and the publicly listed sector, in various European
countries.

 

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