TIDMOCH

RNS Number : 6052R

Orchid Developments Group Ltd

20 November 2012

20 November 2012

Orchid Developments Group Ltd.

("Orchid" or the "Company")

Posting of Open Offer circular to shareholders

Further to the announcement made earlier today, Orchid (AIM: OCH), the Bulgarian focused property developer and investor, announces that the shareholder circular relating to the Open Offer of 93,966,260 new Ordinary Shares to raise up to GBP2,114,240.85, Capitalisation of Bellport Fees and Notice of EGM, together with the Open Offer application form, form of proxy and form of direction have been printed and posted to the Company's shareholders and are now available on the Company's website www.orchid-dev.com.

Ends

 
 Contacts: 
 Orchid Developments                    www.orchid-dev.com 
  Guy Meyohas                               +359 52 953301 
 Shore Capital and Corporate Limited 
  Bidhi Bhoma / Toby Gibbs                +44 20 7408 4090 
 MHP Communications 
  Reg Hoare / Tim McCall / Vicky 
  Watkins                                 +44 20 3128 8100

Notes to Editors:

Orchid Developments Group Ltd (OCH.L), which listed on the AIM market in June 2005, was established with the aim of generating value for shareholders by investing in real estate and leisure business opportunities initially in Bulgaria.

The company is active in all principal sub-sectors of the Bulgarian real estate and leisure markets and currently holds three residential and six commercial property developments in Sofia and Varna. Its principal investment is Grand Mall Varna, one of Bulgaria's leading shopping malls.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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