INDICATIVE TIMETABLE FOR PROPOSED MOVE FROM AIM TO THE MAIN MARKET
Further to the announcement made on 1 June 2011 pursuant to which the Company, a leading real estate owner and developer in Central Europe, announced that it intends to apply for a standard listing of its ordinary shares of €0.01 each ("Ordinary Shares") on the Official List of the UK Listing Authority (the "Official List") and to trading on the Main Market of the London Stock Exchange for listed securities (the "Main Market") (together, "Admission"), the indicative timetable for Admission is as follows:
2011 Annual General Meeting of the Company
9:30 a.m. on 23 June 2011
Publication of the prospectus
on or around 28 June 2011
Cancellation of trading in the Ordinary Shares on AIM
7:00 a.m. on or around 1 July 2011
Admission and commencement of dealings of the Ordinary Shares on the Main Market of the London Stock Exchange
8:00 a.m. on or around 1 July 2011
Subject to the necessary resolutions being passed at the 2011 Annual General Meeting of the Company and receipt of the necessary approvals from the UK Listing Authority and the London Stock Exchange, cancellation of trading of the Ordinary Shares on AIM will take place on the same day as the Ordinary Shares are admitted by way of a standard listing on the Official List and begin trading on the Main Market, which is expected to occur on or around 1 July 2011.
Existing shareholders should consult their own tax advisers as to the tax implications of the move from AIM to the Official List.
For further information, please contact:
Ablon Group Limited
Tel. +36 1 225 6600
Religăre Capital Markets
James Pinner / Derek Crowhurst (Nominated Adviser)
Daniel Briggs (Joint Corporate Broker)
Tel. +44 (0)20 7444 0800
Tel. +44 (0)20 7444 0500
ING Wholesale Banking (Joint Corporate Broker)
Jeroen van de Crommenacker
Tel. +44 (0)20 7767 8362
Buchanan Communications (Financial PR)
Tim Thompson / Richard Darby / Christian Goodbody / Gabriella Clinkard
Tel. +44 (0)20 7466 5000
NOTES TO EDITORS
About Ablon Group Limited
Founded in 1993 in Budapest (Hungary), Ablon and its subsidiaries (together the "Ablon Group") has properties at 34 locations, of which there are 15 completed projects and 24 development projects in Budapest, Prague, Bucharest, Warsaw and Gdansk. Its portfolio comprises a diversified mix of office, residential, retail, logistics and hotel developments valued at €574 million by external independent appraisers (GVA and King Sturge), as at 31 December 2010. The Ablon Group had, as at 31 December 2010, 201,150 square metres of existing and income generating office, residential, hotel, retail and logistics assets (at 15 locations) in Budapest and Prague, with a significant development land bank comprising a further 1,234,800 square metres (at 24 locations) in Budapest, Prague, Bucharest, Warsaw and Gdansk. Ablon's shares are currently traded on the AIM market of the London Stock Exchange under the ticker 'ABL'.
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