Black Sea Property Fund Limited Result of EGM (8899J)
10 April 2015 - 10:00PM
UK Regulatory
TIDMBKSA
RNS Number : 8899J
Black Sea Property Fund Limited
10 April 2015
The Black Sea Property Fund Limited
("Black Sea" or the "Company")
Result of Extraordinary General Meeting
At the Extraordinary General Meeting of the Company held at
10.00 a.m. this morning, in accordance with the recommendation of
the Directors, Resolutions 3 to 7 put to the Shareholders of the
Company (for adopting the proposed investing policy, appointing an
investment advisor, disapplying pre-emption rights and amending the
Articles of Association to extend the life of the Company) were
duly passed. Resolutions 1 and 2 (for delisting and winding-up
which were not recommended by the Directors) were not approved.
The Company has therefore adopted the new investing policy as
set out in the circular to Shareholders dated 13 March 2015, and
intends to raise funds as soon as practically possible to invest
the Company's resources in the Bulgarian real estate market,
subject to the approval of the Jersey Financial Services
Commission.
For further information please contact:
The Black Sea Property Fund Limited
Alex Borrelli, Chairman Tel: +44 7747 020600
Cairn Financial Advisers LLP Tel: +44 20 7148 7900
Nominated Adviser
Sandy Jamieson
Peterhouse Corporate Finance Limited Tel: + 44 20 7469 0930
Sole broker
Charles Goodfellow, Heena Karani
This information is provided by RNS
The company news service from the London Stock Exchange
END
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