RNS Number : 4046P
Secure Property Dev & Inv PLC
02 July 2025
Secure Property Development & Invest PLC/ Index: AIM / Epic: SPDI / Sector: Real Estate
2 July 2025
Secure Property Development & Investment PLC ('SPDI' or 'the Company')
Update re Reduction of Capital
Secure Property Development & Investment PLC, the AIM quoted South Eastern European focused property company, announces that it has obtained from the Cyprus Registrar of Companies the certificate confirming the reduction of share capital (as approved by shareholders on 23 April 2025), which in turn enables the distribution of the Arcona Property Fund shares it holds to its shareholders pro rata to their shareholdings. The Board of SPDI will liaise with its advisers to define the process needed in order to do so and will revert in due course with further details.
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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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