Today 07:00
19 June 2026
Secure Property Development & Investment PLC ('SPDI' or 'the Company')
Company Update
Arcona Share Distribution
Secure Property Development & Investment PLC (AIM: SPDI), the South Eastern European focused property and investment company, announces that further to the announcement of 22 December 2025 and the Company's shareholder approved distribution of the Arcona Property Fund N.V. ("Arcona") shares (the "Shares") to SPDI shareholders ("Distribution"), the Company has collected the majority of the relevant shareholder responses to the letter dated 14 October 2025.
SPDI had expected to be able to complete the Distribution in Q1 2026. However, discussions with the Company's Arcona Share Custodian ("Custodian") since the beginning of 2026, which are continuing, have failed to identify a way to effect the Distribution. This is due to the regulatory obligations of the Custodian in relation to its "Know Your Client" rules, which are applicable in this case to all final recipients of the Shares (shareholders of SPDI).
The Company has been and continues exploring alternatives with its advisers and will provide further updates as and when appropriate.
AdvEn Loan
Further to the announcements of 5 November 2025 and 7 April 2026, SPDI confirms that it remains in discussions with AdvEn Industries Inc in relation to a revised transaction structure as well as the repayment plan for the related initial secured loan of €250,000 (and an additional €45.000 as previously announced). The Company expects to be able to inform the shareholders on the subject soon.
Further updates will be provided as and when appropriate. The Company reserves all rights in respect of enforcing its rights under the loan agreements.
**ENDS**
For further information please visit www.secure-property.eu or contact:
Lambros Anagnostopoulos | SPDI | Tel: +357 22 030783 |
Rory Murphy Ritchie Balmer
|
Strand Hanson Limited |
Tel: +44 (0) 20 7409 3494 |
Jon Belliss
Susie Geliher
| AlbR Capital Limited
St Brides Partners Ltd | Tel: +44 (0) 20 7469 0930
Tel: +44 (0) 20 7236 1177 |
Notes to Editors
Secure Property Development and Investment plc is an AIM listed property development and investment company focused on the South East European markets. The Company's strategy is focused on generating healthy investment returns principally derived from: the operation of income generating commercial properties and capital appreciation through investment in high yield real estate assets. The Company is focused primarily on commercial and industrial property in populous locations with blue chip tenants on long term rental contracts. The Company's senior management consists of a team of executives that possess extensive experience in managing real estate companies both in the private and the publicly listed sector, in various European countries.
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