Change of Adviser
May 07 2010 - 5:11AM
UK Regulatory
TIDMRPF
RNS Number : 5271L
Romania Property Fund Limited
07 May 2010
For immediate release
6 May 2010
The Romania Property Fund Limited (the "Company")
Appointment of External Fund Manager
The Directors of the Company are pleased to announce the appointment of Sapphire
Capital Partners LLP ("Sapphire") as External Fund Manager to the Fund on a
rolling monthly basis commencing with effect from 29 April 2010.
As previously advised, with available net cash within the Company of GBP241,124
(figure to be provided) as at 30 April 2010, the liquidity position of the
Company remains severely restricted. The board continues to seek a longer term
solution to the Company's future including its liquidity position; however there
can be no guarantee of success.
About Sapphire
Sapphire is an independent private equity advisory firm based in the United
Kingdom. Sapphire primarily focuses on the fund management of non traditional
type investments, typically within the property sector.
Further announcements will be made in due course, as appropriate.
For further information, please contact:
Bachmann Fund Administration Limited, Company Secretary
Tel: 01481 723573
Fax: 01481 732131
Canaccord Adams
0207 050 6500
Robert Finlay
Henry Fitzgerald-O'Connor
Sapphire Capital Partners LLP
0870 7348912
Boyd Carson
This information is provided by RNS
The company news service from the London Stock Exchange
END
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