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Madara BulgarianProp (MBF)

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Wednesday 02 July, 2008

Madara BulgarianProp

New Shareholder Benefit Schem

RNS Number : 0729Y
Madara Bulgarian Property Fund
02 July 2008
 



2 July 2008

Madara Bulgarian Property Fund Limited

New Shareholder Benefit Scheme

Madara Bulgarian Property Fund Limited ('the Fund') is pleased to announce a new shareholder benefit scheme. With immediate effect, shareholders owning more than 2,500 shares in the Fund will be given a 45 day exclusivity period prior to the official release of any of the Fund's developments in which to reserve an apartment, house or villa.

The Fund is currently co-developing the Black Sea Gardens project (www.blackseagardens.com), a luxury resort designed by Foster + Partners ('the Development'). The Fund has been very pleased with the level of interest from potential buyers and, although the designs are not yet at the stage of being able to take specific reservations, the Fund will be offering the first phase of the Development exclusively to shareholders holding more than 2,500 shares 45 days prior to the general launch. 

This offer is subject to availability and certain terms and conditions on a first-come first-served basis and is applicable to all new and existing shareholders.

We are keen for shareholders to participate in and follow the progress of this exciting project and we intend to give shareholders the opportunity to view the Development in the coming months. Interested shareholders should contact Milena Harrison for further details and to register any interest in advance. Full details of the shareholder benefit scheme and how to apply for an information pack will be sent to shareholders that meet the criteria at the appropriate time.

For further information:

Milena Harrison                    Madara Bulgarian Property Fund Ltd    +44 (0) 20 7534 3338

Corporate Communications


Notes to editors

Madara Bulgarian Property Fund Limited

Madara Bulgarian Property Fund Limited is a Jersey incorporated, limited liability, closed ended investment fund established in April 2006 to invest in Bulgarian land and its development and listed on AIM in June 2007. The Fund has special purpose subsidiary companies in Bulgaria held via a Maltese holding company to ensure an optimally tax-efficient structure. As well as holiday accommodation in coastal and ski resorts and city locations, the Fund's projects are expected to include commercial property and infrastructure.

www.madarafund.com


This information is provided by RNS
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