LONDON, October 20, 2017 /PRNewswire/ --
BCRE - Brack Capital Real Estate
Investments N.V.
("BCRE" or the "Company")
BCRE explores a possible De-Listing
The Company hereby announces that its board (the
"Board"), together with its advisers, is in the process of
exploring a possible cancellation of the standard listing of the
Company's ordinary shares of €0.01 each (the "Shares") from
the Official List of
the United Kingdom Listing Authority and the
cancellation of trading in the Shares on the Main Market of the
London Stock Exchange (together, the "De-Listing"). There is
no certainty that a resolution on a De-Listing will be pursued by
the Board.
The process is, amongst others, driven by the limited trading
volume in the Shares. In its assessment, the Board will take into
consideration the interests of the Company and all its
stakeholders.
Further announcements will be made if and when required.
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 subsidiaries and associated undertakings, the Company is
interested in, develops and operates an international portfolio of
real estate assets in the markets it operates.
The Company has established local management team platforms with
significant local market expertise. At present, the Company has
offices and teams in New York,
London, Moscow, Kazan, New
Delhi, Amsterdam and
Limassol.
ENQUIRIES:
BCRE - Brack Capital Real Estate Investments N.V.
Ariel Podrojski, Chief Executive Officer
Nansia Koutsou, Chief Financial Officer / Chief Operating Officer,
+31 20 514 1004
Novella Communications
Tim Robertson
Toby Andrews, +44 203 151 7008
This is a disclosure announcement from PR Newswire.