Sdic Power. Regulatory News (SDIC)

27 Apr 2009 13:21



Speymill Deutsche Immobilien Company plc

("the Company")

The Company has been informed that on 24 April 2009 Raymond Apsey, the Non-executive Chairman of the Company, purchased a total of 100,000 ordinary shares in the capital of the Company through his wholly owned investment holding company, Casuarina Investments. Mr Apsey acquired 50,000 ordinary shares at a price of EUR 0.21 per share and 50,000 ordinary shares at a price of EUR 0.215 per share. 

Following the above transactions, Raymond Apsey is interested in a total of 225,349 ordinary shares in the capital of the Company, representing 0.07% of the total voting rights of the Company.

For more information, please visit http://www.speymilldeutsche.com or contact:

Notes to Editors:

Speymill Deutsche Immobilien Company plc is a pan-German residential property investment company, which listed on the AIM market of the London Stock Exchange in March 2006, raising £170 million (EPIC: SDIC.L). In May 2007, SDIC raised a further €250 million through a C share placing (EPIC: SDCC.L). The Euro denominated fund aims to provide investors with an attractive level of income together with the prospect for long-term capital growth.

The German residential market is viewed as attractive to investors due to a number of factors including rising German economic activity and productivity, and the availability of assets at below replacement cost. Acquired properties should, through active management, also have the potential for increased rental rates and accordingly improved capital values and increased yield. 

Speymill Property Group Limited is the appointed Manager of SDIC and, in conjunction with the Investment Advisor, Goal Service GmbH, it identifies acquisition opportunities for the Company, which fit within its investment criteria.