LONDON (Alliance News) - German retail focused real estate investment company Treveria PLC Wednesday said it plans to distribute all of its cash to shareholders as soon as reasonably possible.
Earlier this month the company sold its two subsidiaries through which its portfolio was owned and managed. It has today proposed an extraordinary general meeting in order to vote on resolutions so that it can make returns to shareholders.
The company said that it has held talks with a number of parties interested in retaining the company's admission to trading on AIM for other activities.
For the half year to end-June the company reported a pretax loss of EUR7.9 million, widened from a pretax loss of EUR2.3 million a year before, on fross rental income of EUR972,000, down from EUR1.3 million, mostly as a result of charges related to the revaluation and reclassification of investments.
Shares in the company were flat at 0.0325 pence Wednesday afternoon.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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