AFI Development PLC AFI DEVELOPMENT EXTENDS ITS GDR PROGRAMME (1024A)
March 21 2017 - 9:21AM
UK Regulatory
TIDMAFRB TIDMAFID
RNS Number : 1024A
AFI Development PLC
21 March 2017
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR
DISTRIBUTION
IN OR INTO THE RUSSIAN FEDERATION, THE UNITED STATES, CANADA,
AUSTRALIA OR JAPAN
AFI DEVELOPMENT PLC
("AFI DEVELOPMENT" OR THE "COMPANY")
AFI DEVELOPMENT EXTENDS ITS GDR PROGRAMME
London, 21 March 2017 - AFI Development announces that it has
reached an agreement with the Bank of New York Mellon on the
extension of the Company's Global Depositary Receipts (GDR)
programme for an additional three years, until 19 March 2020.
Under the new terms, the annual Depositary Service Fee charged
to GDR holders shall be limited to US$0.002 per GDR, provided that
the price of the GDR remains under US$1.
- ENDS -
For further information, please contact:
AFI Development, Moscow +7 495 796 9988
Ilya Kutnov, Corporate Affairs/Investments Director
(Responsible for arranging the release of this announcement)
Citigate Dewe Rogerson, London +44 20 7638 9571
David Westover
Sandra Novakov
This announcement contains inside information.
About AFI Development
Established in 2003, AFI Development is one of the leading real
estate development companies operating in Russia.
AFI Development is listed on the Main Market of the London Stock
Exchange and aims to deliver shareholder value through a commitment
to innovation and continuous project development, coupled with the
highest standards of design, construction and quality of customer
service.
AFI Development focuses on developing and redeveloping high
quality commercial and residential real estate assets across
Russia, with Moscow being its main market. The Company's existing
portfolio comprises commercial projects focused on offices,
shopping centers, hotels and mixed-use properties, and residential
projects. AFI Development's strategy is to sell the residential
properties it develops and to either lease the commercial
properties or sell them for a favorable return.
AFI Development is a leading force in urban regeneration,
breathing new life into city squares and neighborhoods and
transforming congested and underdeveloped areas into thriving new
communities. The Company's long-term, large-scale regeneration and
city infrastructure projects establish the necessary groundwork for
the successful launch of commercial and residential properties,
providing a strong base for future.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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