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Orchid Developments Group Ltd

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Orchid Developments Group Ltd RNS | 120215och4822x.htm

RNS Number : 4822X
Orchid Developments Group Ltd
15 February 2012


15 February 2012

Orchid Developments Group Ltd

Result of Extraordinary General Meeting on 15 February 2012 ("EGM")

Orchid Developments Group Limited ("Orchid"), the Bulgarian focused property developer and investor, announces that at its Extraordinary General Meeting held earlier today Orchid's shareholders voted as follows:


57,402,595 votes for the resolution proposed at the EGM (the "Resolution")


10,000 votes against the Resolution


99.98% of votes were cast in favour of the Resolution


Accordingly, the Resolution was duly passed by shareholders.



Orchid Developments

Guy Meyohas


+35 92 981 9955

Shore Capital and Corporate Limited              
Dru Danford / Bidhi Bhoma


+44 20 7408 4090

MHP Communications

Reg Hoare / Tim McCall / Vicky Watkins

+44 20 3128 8100


This information is provided by RNS
The company news service from the London Stock Exchange

Orchid Developments Group Limited (Orchid) is a real estate developer, investment property owner and hotel operator in Bulgaria. The Company operates in three segments: development of office space and shopping malls (commercial property development); development and sale of apartment units (residential property development), and hotel. The hotel segment includes the development, renovation and operation of a hotel on the Black Sea coast. The development and letting out of premises for offices and shops is undertaken by the commercial property segment. The residential property segment develops and sells residential units. Orchid’s sub-sectors include Bulgarian real estate market, leisure markets and hotels with leisure facilities. As of December 31, 2011, the Company’s portfolio included Grand Mall, Orchid Hills Varna and Orchid Hills Sofia. more »

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