15 Mar 2016 14:30
BCRE - Brack Capital Real Estate Investments N.V.
("BCRE" or the "Company")
Capital Reduction and Distribution
Further to the announcement on 15 January 2016 relating to the capital increase of the nominal value of each share from EUR0.01 to EUR 0.04 and the proposed capital reduction, the Company is hereby pleased to announce that the capital reduction is now expected to become effective on 29 March 2016 at which point the nominal value of each share will be reduced from EUR 0.04 to EUR 0.01 totalling EUR 4,848,301.92. Consequently a capital distribution of EUR 4,848,301.92 (EUR 0.03 per share) will be paid on or around 4 April 2016 to shareholders on the register at the close of business on 29 March 2016.
ENQUIRIES:
BCRE - Brack Capital Real Estate Investments N.V. |
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Ariel Podrojski, Chief Executive Officer |
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Nansia Koutsou, Chief Financial Officer / Chief Operating Officer | +31 20 514 1004 |
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Novella Communications |
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Tim Robertson |
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Ben Heath | +44 203 151 7008 |
About BCRE
BCRE is an international real estate development and investment group, headquartered in the Netherlands and listed on the London Stock Exchange. Through its subsidiary and associated undertakings, the Company is interested in, develops and operates an international portfolio of real estate assets, predominantly located in the USA, Germany, Russia, India and the UK.
The Company has established local management team platforms with significant local market expertise in the US, Germany, Russia, India and the UK with exclusive access to over 400 staff. At present, the Company has offices and teams in New York, London, Frankfurt, Düsseldorf, Moscow, Kazan, New Delhi, Amsterdam, Limassol and Budapest.
BCRE.L (BCRE)