ABL Ablon

    RNS Number : 8132J
  Ablon Group Limited
  09 December 2008
   

    Ablon Group Limited
    RESULT OF EGM
    Ablon Group Limited, ('Ablon' or 'the Company'), a leading real estate owner and developer in Central and Eastern Europe, today held an
EGM at Frances House, Sir William Place, St Peter Port, Guernsey at 3.00 pm to consider the following resolution:
    1. The proposal of the Company to authorise the acquisition of additional ordinary shares by Aura Holding GmbH ("Aura"), a company
indirectly controlled by Uri Heller, the chief executive of Ablon Group Limited. It is proposed that the authority for such acquisitions
would limit Aura to holding a maximum of 40 per cent of the Company's issued share capital and would expire at the Company's next annual
general meeting. Aura Holding GmbH, is currently interested in more than 30 per cent of the ordinary shares in the Company's issued share
capital. 
    The resolution has been duly rejected, preventing Aura from making any further share purchases.
    -ends-
    Date: 9th December 2008
    For further information contact: 

    Ablon Group Limited  
    Daniel Avidan, CFO  
    Tel. +36 1 225 6600  

    KBC Peel Hunt Ltd
    Capel Irwin
    020 7418 8900

    City Profile Group
    William Attwell
    Tel: 020 7448 3244

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