AREO Argo Real Est.

TIDMAREO

RNS Number : 1413N

Argo Real Estate Opportunities Fd

03 September 2013

Argo Real Estate Opportunities Fund Limited

("AREOF" or "the Company")

Statement Re: Suspension

Further to the suspension of trading in the Company's ordinary shares on AIM on 30 August 2013 pending an announcement, the Company announces that it has received from Proton Bank ("Proton") a termination notice in respect of its financing facility of approximately EUR28.2 million.

The Company has been and continues to be in discussions with Proton, and it is the Company's current belief that Proton does not intend to terminate this financing facility, and that this termination notice will shortly be withdrawn.

The Company expects that trading on AIM of its ordinary shares will remain suspended whilst status of the termination notice is resolved.

Further announcements will be made in due course.

Enquiries:

 
 Argo Real Estate Opportunities Fund Limited 
  David Clark, Chairman                         +44 (0)1481 231100 
 
 finnCap Limited (Nominated Adviser) 
  Matthew Robinson 
  Henrik Persson                                +44 (0) 207 220 0500 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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