EGM Adjourned (4343Y)
December 22 2010 - 5:41AM
UK Regulatory
TIDMECPC
RNS Number : 4343Y
European Convergence Property CoPLC
22 December 2010
22 December 2010
EuroPean convergence PROPERTY company plc
("ECPC" OR "THE COMPANY")
EGM Adjourned
European Convergence Property Company Limited (the "Company")
announces that the Extraordinary General Meeting ("EGM") scheduled
for today at 10am was adjourned until further notice.
The Manager has entered into negotiations with the senior lender
to European Convergence Property Company Bulgaria EOOD, a wholly
owned subsidiary of the Company, which holds the Group's one
remaining property, Mall Veliko Turnovo. As part of these
negotiations, the lender has requested that the Group's AIM listing
be maintained. The Manager therefore recommended to the Board that
the resolution regarding the cancellation of the Company's
admission to trading on AIM, is deferred for an initial period of
three months with the condition that the lender covers the ongoing
costs associated with the listing during this period.
In the light of this recommendation the Chairman has agreed to
adjourn the EGM whilst the negotiations continue.
Proxies which were properly deposited for today's EGM remain
valid for the adjourned meeting.
Shareholders will be sent further information and instructions
in due course regarding the adjourned EGM.
For further information please contact:
Charlemagne Capital (UK)
Limited +44 (0)207 518 2100
Varda Lotan / Christopher marketing@charlemagnecapital.com
Fitzwilliam Lay www.charlemagnecapital.com
Galileo Fund Services Limited +44 (0)1624 692600
Ian Dungate, Company Secretary
Panmure Gordon (UK) Limited 44 (0)20 7459 3600
Hugh Morgan
Abhishek Majumdar
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
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