Result of EGM

RNS Number : 1479X

Aisi Realty Public Limited

10 August 2009

 



10 August 2009

Aisi Realty Public Limited 

('Aisi' or 'the Company')

Result of EGM

The Company is pleased to announce that the resolution set out in the Circular to Shareholders dated 24 July 2009 for the Extraordinary General Meeting of the Company held on 9 August 2009 in relation, inter alia, to the Placing to raise US$5.4 million, was duly passed.

Application has been made for the admission to trading on AIM of the 222,077,817 New Ordinary Shares of €0.01 each at a price of 1.5 pence per share to be issued pursuant to the Placing and it is expected that dealings in these shares will commence at 8.00 a.m. on Tuesday 11 August 2009.  

The New Shares, will represent approximately 54 per cent. of the Company's Enlarged Share Capital and will, when issued, rank pari passu in all respects with the existing Ordinary Shares, including the right to receive dividends and other distributions declared following Admission.

The net proceeds of the Placing will be used by the Company solely to progress the completion of the Brovary Warehouse Project, and to pay certain outstanding operating expenses of the Company. The net proceeds of the Placing will not, however, be used to pay any accrued or outstanding annual management fees due to the investment manager.

Following Admission, the Company's issued share capital will consist of 414,272,792 Ordinary Shares, each of which has a nominal value of €0.01. The Company does not hold any New Ordinary Shares in treasury. Immediately following Admission, the above figure of 414,272,792 Ordinary Shares may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.

Enquiries:

AISI Realty Public Ltd
Beso Sikharulidze	[phone]
Paul Ensor	[phone]
Seymour Pierce Limited	+ 44 (0) 207 107 8000
Corporate Finance
Nandita Sahgal
Christopher Wren
Corporate Broking
Lettie McManus
Corfin Communications	[phone]
Neil Thapar, Claire Norbury

 

END

 

 

REGURUWRKNRWARR