Property Advisor Share Sales
12 February 2019
Phoenix Spree Deutschland Limited
(the "Company")
Property Advisor Share Sales
Phoenix Spree Deutschland Limited (LSE: PSDL.LN), the UK Main Market listed investment company focused on Berlin residential real estate, announces it has been informed that PMM Partners (UK) Limited and its principals have sold a total of 2,239,361 shares in the Company at a price of £3.50 per share.
PMM Partners (UK) Limited acted as property advisor to the Company until it was replaced by PMM Residential Limited, effective from the 1st of January 2019, in the previously announced intra-group reorganisation. The sale of the shares was made to cover the tax liabilities arising from the December 2017 performance fee which was paid by awarding PSD shares to PMM Partners (UK) Limited in May 2018.
For further information, please contact:
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Phoenix Spree Deutschland Limited Stuart Young
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+44 (0)20 3937 8760 |
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Numis Securities Limited (Corporate Broker) David Benda
Tulchan Communications (Financial PR) Elizabeth Snow
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+44 (0)20 3100 2222
+44 (0)20 7353 4200 |
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