13 Jan 2016 10:30
BCRE - Brack Capital Real Estate Investments N.V.
("BCRE" or the "Company")
Subsidiary announced the results of the General Meeting of its Shareholders
The Company hereby announces that Brack Capital Properties N.V. ("BCRE Germany"), a subsidiary of the Company whose shares are traded on the Tel Aviv Stock Exchange, announced the results of the General Meeting of its Shareholders held on 11 January 2016, where it was resolved that the nominal value of each share in BCRE Germany will be increased from EUR 0.01 to EUR 0.92 and subsequently decreased from EUR 0.92 to EUR 0.01. The Capital Reduction will be EUR 0.91 per share, totalling EUR 6,040,565.44. BCRE Germany will return the total amount of the Capital Reduction to all of its shareholders proportionally to their shareholdings.
ENQUIRIES:
BCRE - Brack Capital Real Estate Investments N.V. |
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Ariel Podrojski, Chief Executive Officer |
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Nansia Koutsou, Chief Financial Officer | +31 20 514 1004 |
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Novella Communications |
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Tim Robertson |
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Ben Heath | +44 203 151 7008 |
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.