16 Mar 2012 17:44
This release replaces the AFI Development Notice of Conference Call announcement which was released to the market today at 16:50 (UK) under RNS Number 5524Z. The date of the conference call should read Wednesday 21 March, and not as previously stated. All other details remain unchanged. The full announcement text appears below.
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION
IN OR INTO THE RUSSIAN FEDERATION, THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN
AFI Development Notice of Conference Call
London, 16 March 2012 - AFI Development ("AFI Development" or "the Company") today announces that it will hold its FY 2011 results conference call for analysts and investors on Wednesday, 21 March 2012, following the publication of the company's FY 2011 financial results, on Monday, 19 March 2012.
The details for the conference call are as follows:
Date: Wednesday, 21 March 2012
Time: 18:00 Moscow (14:00 UK)
Dial-in Tel: International: 44(0)20 3106 7162
UK toll free: 0800 279 4849
US toll-free: 1866 564 0425
Russia toll-free: 8 800 500 9316
Please dial in 5/10 minutes prior to the commencement time giving your name, company and stating that you are dialling into the AFI Development conference call quoting reference 4451114.
- ENDS -
For further information, please contact:
AFI Development, Moscow +7 495 796 9988
Alexander Adadurov
Ilya Kutnov
Citigate Dewe Rogerson, London +44 20 7638 9571
David Westover
Sean Bride
About AFI Development
AFI Development is one of the leading real estate development companies operating in Russia. Established in 2001, AFI Development is a publicly traded subsidiary of Africa Israel Investments Ltd.
AFI Development is listed on the Main Market of the London Stock Exchange and aims to deliver shareholder value through a commitment to innovation and continuous project development, coupled with the highest standards of design, construction, and quality and customer service.
AFI Development focuses on developing and redeveloping high quality commercial and residential real estate assets in Moscow, the Moscow Region, and other major cities in Russia and the CIS. The Company's existing portfolio of 30 development projects comprises commercial projects focused on offices, shopping centers, hotels and mixed-use properties, and residential projects. AFI Development's strategy is to sell the residential properties it develops and to either lease the commercial properties or sell them for a favorable return.
AFI Development is a leading force in urban regeneration, breathing new life into city squares and neighborhoods and transforming congested and underdeveloped areas into thriving new communities. The Company's long-term, large-scale regeneration and city infrastructure projects establish the necessary groundwork for the successful launch of commercial and residential properties, providing a strong base for future.