28 Jun 2010 16:00
28 June 2010
Speymill plc ("Speymill" or the "Company")
Notice received from Speymill Macau
Speymill (AIM: SYG), the property services business specialising in real estate investments, investment management services and construction operations announces that, today, it received notice from Speymill Macau Property Company plc ("Speymill Macau") to terminate the investment management agreement dated 26 November 2006 ("Investment Management Agreement") between Speymill Macau and Speymill Property Group Limited ("SPG").
The Investment Management Agreement provides for a 12 month notice period and, hence, the termination will be effective on 28 June 2011 ("Termination Date"). SPG will continue to provide the services to Speymill Macau under the terms of the Investment Management Agreement until the Termination Date.
The Board will assess the implications of the termination and provide further information to Shareholders in due course.
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Contacts:
| Speymill plc Bob MacDonald, Chief Executive Officer Paul Smith, Finance Director Neil Holmes, Company Secretary | Tel: 01624 640 860 |
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| Walbrook PR Ltd Paul McManus Ben Knowles | Tel: 020 7933 8780 |
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| Nominated Adviser Smith & Williamson Corporate Finance Limited Azhic Basirov Siobhan Sergeant |
Tel: 020 7131 4000 |
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| Broker Lewis Charles Securities Limited Stavros Loizou |
Tel: 020 7456 9100 |