Brack Capital Real Estate Inv N.V Expected capital reduction and distribution (1691S)
March 15 2016 - 10:30AM
UK Regulatory
TIDMBCRE
RNS Number : 1691S
Brack Capital Real Estate Inv N.V
15 March 2016
BCRE - Brack Capital Real Estate Investments N.V.
("BCRE" or the "Company")
Capital Reduction and Distribution
Further to the announcement on 15 January 2016 relating to the
capital increase of the nominal value of each share from EUR0.01 to
EUR 0.04 and the proposed capital reduction, the Company is hereby
pleased to announce that the capital reduction is now expected to
become effective on 29 March 2016 at which point the nominal value
of each share will be reduced from EUR 0.04 to EUR 0.01 totalling
EUR 4,848,301.92. Consequently a capital distribution of EUR
4,848,301.92 (EUR 0.03 per share) will be paid on or around 4 April
2016 to shareholders on the register at the close of business on 29
March 2016.
ENQUIRIES:
BCRE - Brack Capital Real Estate
Investments N.V.
Ariel Podrojski, Chief Executive
Officer
Nansia Koutsou, Chief Financial +31 20 514
Officer / Chief Operating 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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March 15, 2016 10:30 ET (14:30 GMT)
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