REG - Secure Property Dev - Notice of EGM

Secure Property Development & InvestmentAnnouncement

21/03/2025 15:00

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RNS Number : 7303B  Secure Property Dev & Inv PLC  21 March 2025

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

21 March 2025

 

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 23 April 2025
at 11:00 a.m.

 

The purpose of the EGM is to make the necessary changes to the Company's share
capital structure, now that the exact numbers of such shares received is fixed
and consequently the required capital reduction is also finalised, in order to
permit the distribution to shareholders of SPDI their pro rata allocation of
shares of Arcona Property Fund N.V. obtained recently 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 share
premium account needs to be reduced. 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

 

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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