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Pin to quick picksSecure Prop Regulatory News (SPDI)

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Market Cap: £1.49m
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Change of Name

8 May 2012 09:15

RNS Number : 8542C
Aisi Realty Public Limited
08 May 2012
 



8 May 2012

Aisi Realty Public Limited("Aisi" or "the Company")

 

Change of Name to Secure Property Development & Investment Limited

 

Aisi Realty Public Limited (AIM:AISI), a South Eastern European focused property and investment company, announces that it proposes to change its name to 'Secure Property Development & Investment Limited'. The change is subject to shareholder approval at the next Annual General Meeting although the Company will start operating under the new name with immediate effect.

 

The name change follows the introduction of new investors and an internalised management structure in August last year, as part of an agreement with Narrowpeak Consultants Ltd, a member of the SECURE Group, a specialist private equity real estate platform focusing in South East Europe. Subsequently a number of successful turnaround initiatives have been implemented which have improved the Company's financial strength and repositioned it in order to create a platform for future growth.

 

Lambros Anagnostopoulos, Chief Executive Officer at the newly named Secure Property Development & Investment Limited, commented: "Having made significant improvements across all areas of the business, we believe changing the name better reflects the new company, its stronger financial position and renewed prospects. Rebranding the Company is the next logical step in our turnaround of the business and we hope to announce further positive progress in the near future."

 

- Ends -

Enquiries:

 

Secure Property Development & Investment Ltd (formerly Aisi Realty Public Ltd)

+ 380 44 459 3000

Lambros Anagnostopoulos

 

Seymour Pierce Limited

+ 44 (0)20 7107 8000

Nandita Sahgal / David Foreman

 

FTI Consulting

+44 (0)20 7831 3113

Richard Sunderland / Toyah Simpson

 

 

Notes to Editors

 

About Secure Property Development and Investment Limited

Secure Property Development and Investment Limited ("SPDI") is a South Eastern European focused property company incorporated in Cyprus. The Company's portfolio comprises the Terminal Brovary logistics park in Kiev (Gross Leasable Area of circa 50,000 sqm), and four development projects at different stages of progression, which have a combined value of €33 m.

 

Established in 2005, SPDI employs a team of 15 experienced professionals operating across three countries. In August 2011, following a transaction with Narrowpeak Consultants Ltd a new internalised management team was introduced to settle the Company's liabilities and create and execute a strategy for growth. SPDI's shares are publicly traded on the AIM market of the London Stock Exchange (AIM:AISI).

 

About South East Continent Unique Real Estate Management (SECURE)

South East Continent Unique Real Estate (SECURE) Management ("SECURE") is a private equity platform that manages property investment and development vehicles in South East Europe. SECURE Investments I and II, have invested in residential and mixed-use developments totalling circa 300,000 sqm in Bulgaria, Romania and Serbia. SECURE is domiciled in the European Union with offices in Cyprus and Romania and has an active presence in Bulgaria and Ukraine.

 

With €250m worth of Assets Under Management (AUM) SECURE employs a team of 16 full time professionals, working across five countries, with a wealth of international experience and a strong track record in the real estate development, investment and finance sectors. SECURE was established in 2007 and, through a conservative and risk management focused approach, has managed to steer its clients through the difficult global economic crisis whilst continuing to add value, having even achieved an increase in the Net Asset Value for its Investment Vehicles since inception.

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
CANBKFDQOBKKAPK
Date   Source Headline
2nd Jul 20129:20 amRNSDirector/PDMR Shareholding
27th Jun 201211:21 amRNSLettings at Terminal Brovary Logistics Park, Kiev
18th Jun 201210:10 amRNSDirector/PDMR Shareholding
18th Jun 20127:00 amRNSAppointment of Non-Executive Director
11th Jun 20124:03 pmRNSDirector/PDMR Shareholding
11th Jun 20127:01 amRNSAppointment of Non-Executive Director
11th Jun 20127:00 amRNSChange of Adviser
1st Jun 20127:00 amRNSChange of Registered Office
28th May 20127:00 amRNSShare Issue
8th May 20129:15 amRNSChange of Name
5th Apr 20121:44 pmRNSShare Issue
2nd Apr 201212:28 pmRNSDirector/PDMR Shareholding
27th Mar 20127:00 amRNSFinal Results for the year ended 31 December 2011
16th Feb 20127:00 amRNSBrovary Logistic Park - update
5th Jan 20127:00 amRNSShare Issue
22nd Dec 201111:00 amRNSDirector/PDMR Shareholding
20th Dec 20119:30 amRNSConversion of Bond
30th Sep 20115:06 pmRNSHalf Yearly Report
30th Sep 20117:00 amRNSBrovary Logistic Park - update
4th Aug 20117:00 amRNSProposed Investment Update &Capital Reorganisation
26th Jul 201111:05 amRNSResult of EGM
19th Jul 20117:00 amRNSResult of EGM
11th Jul 20117:00 amRNSBrovary Warehouse - new tenant lease agreement
4th Jul 20117:00 amRNSShareholder Circular & Notice of GM
1st Jun 20117:30 amRNSSuspension - AISI Realty Public Limited
1st Jun 20117:30 amRNSSuspension of trading, EBRD & Funding Update
15th Mar 20117:00 amRNSResult of AGM and Trading Update
18th Feb 20114:57 pmRNSNotice of AGM
7th Feb 20117:00 amRNSBrovary warehouse - new tenant lease agreements
19th Nov 20107:00 amRNSBrovary Warehouse - new tenant lease agreement
30th Sep 20107:00 amRNSHalf Yearly Report
7th Jul 20107:50 amRNSRestoration - Aisi Realty Public Limited
7th Jul 20107:00 amRNSAnnual Financial Report
1st Jul 20107:00 amRNSSuspension of trading on AIM
1st Jul 20107:00 amRNSSuspension - Aisi Realty Public Limited
16th Dec 20099:05 amRNSResult of AGM
8th Dec 20097:00 amRNSDirectorate Change
20th Nov 200910:57 amRNSNotice of AGM
9th Nov 200912:40 pmRNSInitial Disbursement of EBRD Loan
30th Sep 20096:24 pmRNSHolding(s) in Company
30th Sep 20091:25 pmRNSAisi Interim Results 2009
10th Aug 20099:26 amRNSResult of EGM
5th Aug 200910:44 amRNSAISI signs pre lease agreement
27th Jul 200910:00 amRNSRestoration - Aisi Realty Public Limited
27th Jul 200910:00 amRNSAnnual Results
27th Jul 200910:00 amRNSRestoration of Trading / Notice of EGM / Placing
30th Jun 20097:00 amRNSSuspension - AISI Realty Public Limited
30th Jun 20097:00 amRNSOperational Update
26th May 20097:00 amRNSChange of Adviser
21st May 20097:00 amRNSLatest Portfolio Valuation and Trading Update

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