Return of Capital
May 19 2010 - 2:00AM
UK Regulatory
TIDMECPC
RNS Number : 1574M
European Convergence Property CoPLC
19 May 2010
19 May 2010
EuroPean convergence PROPERTY company plc
("ECPC" OR "THE COMPANY")
RETURN OF CAPITAL
The Company announced on 5th February 2010 that it had agreed a release of
deferred sales proceeds with DEGI, and would consider suitable mechanisms for
returning capital to shareholders.
The Board is pleased to confirm that the balance of deferred sales proceeds has
now been received, and that it intends to make a second capital distribution
amounting to EUR 0.03 (3 Euro cents) per share.
The distribution will be payable on 18 June 2010 to shareholders registered at
close of business on 28 May 2010, with an associated ex-distribution date of 26
May 2010.
This second capital distribution brings to EUR0.97 per share the total amount
distributed by the Company. The Company continues to focus on the management of
the remaining asset, Mall Veliko Turnovo in Bulgaria.
Enquiries:
+--------------------------+----------------------------------+
| Charlemagne Capital (UK) | +44 (0)207 518 2100 |
| Limited | |
+--------------------------+----------------------------------+
| Varda Lotan / | marketing@charlemagnecapital.com |
| Christopher Fitzwilliam | www.charlemagnecapital.com |
| Lay | |
+--------------------------+----------------------------------+
| | |
+--------------------------+----------------------------------+
| Galileo Fund Services | +44 (0)1624 692600 |
| Limited | |
+--------------------------+----------------------------------+
| Ian Dungate, Company | |
| Secretary | |
+--------------------------+----------------------------------+
| | |
+--------------------------+----------------------------------+
| Panmure Gordon (UK) | +44 (0)20 7459 3600 |
| Limited | |
+--------------------------+----------------------------------+
| Hugh Morgan | |
+--------------------------+----------------------------------+
| Stuart Gledhill | |
+--------------------------+----------------------------------+
| | |
+--------------------------+----------------------------------+
| Smithfield Consultants | +44 (0)20 7360 4900 |
+--------------------------+----------------------------------+
| John Kiely | |
+--------------------------+----------------------------------+
| Gemma Froggatt | |
+--------------------------+----------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
STRDVLFFBEFBBBD
European Convergence (LSE:ECPC)
Historical Stock Chart
From Jun 2024 to Jul 2024
European Convergence (LSE:ECPC)
Historical Stock Chart
From Jul 2023 to Jul 2024