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Hals-Development (HALS)

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Monday 13 July, 2015

Hals-Development

Change of Name

RNS Number : 8636S
Hals-Development JSC
13 July 2015
 



CHANGE OF NAME

 

MOSCOW, RUSSIA - July 13, 2015 - HALS-Development (LSE, MICEX: HALS), a major Russian real estate company, announces about change of its name.

 

Full name in English: Public Joint Stock Company HALS-Development;

Brief name in English:  HALS-Development PJSC.

The new version of the Charter of the Company including information about new name of the Company was approved by AGM on June 30, 2015 and registered on July 07, 2015.

 

Hals-Development ("the Company") is the fastest growing developing company, specializing in commercial and residential real estate; it controls all stages of development project: from making conception till the following management of the built object.

The Company was the first Russian property developer to list its shares on the main market of the London Stock Exchange. The Company's shares are also listed on the Moscow Interbank Currency Exchange and the Moscow Exchange.

Starting operations in 1994, Hals-Development has successfully completed about 40 projects with a total area over 400,000 square meters. Hals-Development is currently developing such projects as the "Central Children's Shop on Lubyanka", development of hotel "Peking", building of Land Plot No. 11,  MIBC "Moscow-City", selling of residential premises of   Wine House", "Nasledie", "Teatral`nyi Dom"  and other projects in Moscow and regions. In 2011-2014 the Company put into operation more than 450 thousand sq.m., this is 6 large projects - trade center "LETO" (116 thousand sq. m.), business-center  Sky-Light (110 thousand sq. m.), residential complex "Solnce" (60 thousand sq.m.) and resort "Camelia" in Sochi (53 thousand sq.m.), residential complex "Literator" (67 thousand sq.m.), "Central Children's Shop on Lubyanka" (73 thousand sq.m.). The total value of development projects of HALS-Development is 1.6 mio sq.m.

 

For further information please contact:

 

Elizaveta Bekreneva

Corporate Secretary

Tel. +7 (495) 589-2222 (ext. 1338)

[email protected]


 

***

The information in the press release may contain forward-looking statements regarding future events or the future financial performance of Hals-Development. You can identify forward looking statements by terms such as "expect", "believe", "anticipate", "estimate", "intend", "will", "could", "may" or "might" the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and those actual events or results may differ materially. We do not intend to update these statements to reflect events and circumstances occurring after the date thereof or to reflect the occurrence of unanticipated events.

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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