24 Dec 2014 10:16
BCRE - Brack Capital Real Estate Investments N.V.
(BCRE or the Company)
Additional 243,373 New Shares not issued
Further to its announcement on 23 December 2014, the Company announces that it will not proceed with the issuance of the additional 243,373 New Shares (the Additional New Shares). The Company therefore has an issued share capital of 161,610,064 shares and expects admission to occur for the 920,481 New Shares on Monday 29 December 2014, for which application for admission has been made to the Official List of the Financial Conduct Authority and to trading on London Stock Exchange plc's main market for listed securities (Admission). The Company will notify the market via RNS if the Additional New Shares will be issued and an application for Admission made.
ENQUIRIES:
BCRE-Brack Capital Real Estate Investment N.V. | |
Ariel Podrojski, Chief Executive Officer | |
Nansia Koutsou, Chief Financial Officer | +31 20 514 1004 |
Peel Hunt LLP | |
Financial Adviser | |
Capel Irwin | |
Hugh Preston | + 44 207 418 8900 |
Novella Communications | |
Tim Robertson | |
Ben Heath | +44 203 151 7008 |
This announcement does not constitute an offer to sell, or the solicitation of an offer to subscribe for or buy Shares or other securities in any jurisdiction. The Shares have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the Securities Act), or under any securities laws of any state of the United States and may not be offered or sold in the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.
The contents of this announcement have been prepared by and are the sole responsibility of the Company.
Peel Hunt LLP, which is authorised and regulated in the United Kingdom by the FCA, is acting for the Company and no-one else in connection with the Convertible Loan Notes and will not regard any other person as its client or be responsible to anyone other than the Company for providing the protections afforded to its clients or for providing advice in relation to the Convertible Loan Notes or any transaction or arrangement referred to in this announcement.
About BCRE
BCRE is an international real estate development and investment group, headquartered in the Netherlands and listed on the London Stock Exchange. Through its subsidiary and associated undertakings, the Company is interested in, develops and operates an international portfolio of real estate assets, predominantly located in the USA, Germany, Russia, India and the UK.
The Company has established local management team platforms with significant local market expertise in the US, Germany, Russia, India and the UK with exclusive access to over 400 staff. At present, the Company has offices and teams in New York, London, Frankfurt, Düsseldorf, Moscow, Kazan, New Delhi, Amsterdam, Limassol and Budapest.