Exercise of Options
April 28 2008 - 11:18AM
UK Regulatory
RNS Number:2657T
Bulgarian Property DevelopmentsPLC
28 April 2008
FOR IMMEDIATE RELEASE 28 APRIL 2008
BULGARIAN PROPERTY DEVELOPMENTS PLC
('Bulgarian Property Developments' or 'the Company')
COMPANY'S BROKER EXERCISES OPTIONS
The Directors of Bulgarian Property Developments are pleased to announce that
the Company's Broker, Fairfax I.S. PLC ("Fairfax"), has exercised options over
1,272,727 Ordinary Shares in the Company at the exercise price of 55 pence per
Share (the "Ordinary Shares").
These options were granted to Fairfax in connection with the fund raising in
January 2006.
Application has been made for the Ordinary Shares, which rank pari passu with
all existing shares, to be admitted to trading on AIM. Dealings in the Ordinary
Shares are expected to commence on 29 April 2008. Following the issue of the
Ordinary Shares, the Company's issued share capital consists of 108,238,914
Ordinary Shares with voting rights.
Enquiries:
Bulgarian Property Developments
Ivo Hesmondhalgh (Joint Chief Executive) +44 (0) 20 7243 1336
Matrix Corporate Capital LLP
Ken Vere Nicoll +44 (0) 20 7925 3388
Fairfax I.S. PLC
James King +44 (0) 7598 5368
Cubitt Consulting
Simon Brocklebank-Fowler +44 (0) 20 7367 5100
Brian Coleman-Smith
James Verstringhe
This information is provided by RNS
The company news service from the London Stock Exchange
END
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