Brack Capital Real Estate Inv N.V Subsidiary Announced Results of General Meeting (7259L)
January 13 2016 - 5:30AM
UK Regulatory
TIDMBCRE
RNS Number : 7259L
Brack Capital Real Estate Inv N.V
13 January 2016
BCRE - Brack Capital Real Estate Investments N.V.
("BCRE" or the "Company")
Subsidiary announced the results of the General Meeting of its
Shareholders
The Company hereby announces that Brack Capital Properties N.V.
("BCRE Germany"), a subsidiary of the Company whose shares are
traded on the Tel Aviv Stock Exchange, announced the results of the
General Meeting of its Shareholders held on 11 January 2016, where
it was resolved that the nominal value of each share in BCRE
Germany will be increased from EUR 0.01 to EUR 0.92 and
subsequently decreased from EUR 0.92 to EUR 0.01. The Capital
Reduction will be EUR 0.91 per share, totalling EUR 6,040,565.44.
BCRE Germany will return the total amount of the Capital Reduction
to all of its shareholders proportionally to their
shareholdings.
ENQUIRIES:
BCRE - Brack Capital Real Estate
Investments N.V.
Ariel Podrojski, Chief Executive
Officer
Nansia Koutsou, Chief Financial +31 20 514
Officer 1004
Novella Communications
Tim Robertson
+44 203 151
Ben Heath 7008
About BCRE
BCRE is an international real estate development and investment
group, headquartered in the Netherlands and listed on the London
Stock Exchange. Through its subsidiary and associated undertakings,
the Company is interested in, develops and operates an
international portfolio of real estate assets, predominantly
located in the USA, Germany, Russia, India and the UK.
The Company has established local management team platforms with
significant local market expertise in the US, Germany, Russia,
India and the UK with exclusive access to over 400 staff. At
present, the Company has offices and teams in New York, London,
Frankfurt, Düsseldorf, Moscow, Kazan, New Delhi, Amsterdam,
Limassol and Budapest.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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January 13, 2016 05:30 ET (10:30 GMT)
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