Brack Capital Real Estate Inv N.V Subsidiary Announced Results of General Meeting (7259L)

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

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January 13, 2016 05:30 ET (10:30 GMT)

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