Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSecure Prop Regulatory News (SPDI)

Share Price Information for Secure Prop (SPDI)

Share Price is delayed by 15 minutes
Get Live Data
1.15    0.00 (0.00%)
Bid:
0.80
Ask:
1.50
Spread: 0.70 (87.50%)
Market Cap: £1.49m
SPDI Live PriceLast checked at - London Stock Exchange

Intraday Secure Prop Share Chart

Share Issue

28 May 2012 07:00

RNS Number : 1592E
Aisi Realty Public Limited
28 May 2012
Β 

ο»Ώ

28 May 2012

Aisi Realty Public Limited

("the Company" or "Secure Property Development and Investment Limited")

PLACEMENT OF SHARES

Secure Property Development and Investment Limited, formerly Aisi Realty Public Limited* (AIM:Β AISI), a South Eastern European focused property and investment company, announces that it has successfully placed 333,000 new ordinary shares of €0.01 each in the Company ("Ordinary Shares") at a price of 95 pence per share, with an existing institutional investor, which will now own 561,652 Ordinary Shares in the Company (or 5.52Β per cent of the enlarged total voting rights of the Company).

The placing proceeds will be used to provide additional working capital for the Company's business. The capital injection follows a number of successful turnaround initiatives which have been implemented by the new internal management to position the Company for growth, as reported in the Company's 2011 annual results announced on 12 March 2012.

The placing follows shareholder approval, which was obtained at the Company's General Meeting held on 17 July 2011, for the issuance of up to 2,619,790 additional Ordinary Shares at 95Β pence. Pursuant to which, the Company has raised to date approximately US$1.35 million in aggregate.

Application has been made for the 333,000 new Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will be effective from 29 May 2012. Following Admission, there will be a total of 10,172,975 Ordinary Shares in issue. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.

*The Company's name change to Secure Property Development and Investment Limited is subject to shareholder approval at the next Annual General Meeting.

Lambros Anagnostopoulos, the Company's Chief Executive Officer, commented: "Having made significant improvements across all areas of the business, these new funds are yet further confirmation of our existing shareholders' support for both our efforts to turnaround the Company and its prospects for future performance."

- Ends -

Β 

Enquiries:

AISI Realty Public Ltd

+ 380 44 459 3000

Lambros Anagnostopoulos

Β 

Seymour Pierce Limited

+ 44 20 7107 8000

Nandita Sahgal / David Foreman

Β 

FTI Consulting

+44 (0)20 7831 3113

Richard Sunderland / Toyah Simpson

richard.sunderland@fticonsulting.com

This information is provided by RNS
The company news service from the London Stock Exchange
Β 
END
Β 
Β 
IOEEALSSALKAEFF
Date   Source Headline
12th Mar 20092:40 pmRNSNotification of Interest
22nd Jan 200911:09 amRNSNotification of Interest
13th Jan 20091:09 pmRNSAisi signs loan facility agreement with EBRD
26th Aug 20083:09 pmRNSAisi applies for EBRD funding
30th Jul 20088:00 amRNSInterim Results
24th Jul 20087:41 amRNSAisi signs facility agreement
21st Jul 20082:32 pmRNSResult of AGM
4th Jul 20087:00 amRNSAisi pre-lets Terminal Brovar
2nd Jul 200811:16 amRNSIssue of Equity
26th Jun 200812:29 pmRNSPosting of Report & Accounts
13th May 20082:27 pmRNSFounding Shareholder Warrants
8th May 20088:26 amRNSChange of Address
8th May 20087:01 amRNSFinal Results
30th Apr 20087:02 amRNSOdessa Update
1st Apr 20086:25 pmRNSResult of EGM
13th Mar 20081:20 pmRNSNotice of EGM
13th Mar 20081:19 pmRNSPortfolio Valuation
24th Jan 20089:49 amRNSAcquisition of Interest
12th Dec 20073:15 pmRNSResult of AGM
27th Nov 20079:42 amRNSNotice of AGM
1st Nov 20077:02 amRNSTerminal Brovary Update
17th Oct 20071:31 pmRNSGrant of Options
16th Oct 20071:13 pmRNSBoard Appointment
27th Sep 20077:03 amRNSNew valuation
27th Sep 20077:03 amRNSInterim Results
10th Sep 20077:02 amRNSAcquisition
15th Aug 20075:24 pmRNSAIM Rule 26
1st Aug 20078:00 amRNSFirst Day of Dealings

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.