Brack Capital Real Estate Inv N.V Update on the de-listing and listing (6701B)
September 24 2018 - 2:00AM
UK Regulatory
TIDMBCRE
RNS Number : 6701B
Brack Capital Real Estate Inv N.V
24 September 2018
This announcement contains inside information within the meaning
of the Market Abuse Regulation (EU) (No 596/2014).
24 September 2018
BCRE - Brack Capital Real Estate Investments N.V.
("BCRE" or the "Company")
Update regarding the de-listing and listing
Further to the Company's announcement of Friday 21st September
2019 that:
-- the application to Euronext Paris in connection with the
admission of the Shares to Euronext Access of Euronext Paris (the
"Listing") was still being considered by Euronext Paris and the
Listing was no longer anticipated to be effective on or around 24
September 2018 and
-- accordingly the Company postponed (i) the cancellation of the
shares of EUR 0.01 each in the capital of the Company from
admission to the standard segment of the Official List; and (ii)
the cancellation of the admission to trading of the Shares on the
Main Market of the London Stock Exchange plc so that it does not
become effective on 8.00am GMT on Monday 24 September 2018,
the Company hereby announces that today it has withdrawn the
application to Euronext Paris in connection with the Listing and it
will review its plans. Pending that review it will retain its
listing on the Main Market of the London Stock Exchange plc. The
Company will update shareholders following completion of that
review.
Holders of depositary interests in respect of the Shares ("DI
Holders") are hereby notified that, notwithstanding recent
communications from Link Market Services Trustees Limited (the
"Depository") and the information circular dated 23 August 2018 as
published on the Company's corporate website
(www.brack-capital.com/investor-relations/corporate-governance/),
the proposed timing for the termination of the depositary interest
facility and the conversion to CREST Depositary Interests will no
longer occur at 8.00am GMT on Monday 24 September 2018. The
Depositary Interests held in CREST will instead remain enabled
until further notice. If DI Holders have any questions, please
contact the Depository on 0371 664 0335 between 9.00 a.m. and 5.30
p.m on Monday to Friday (except public holidays) or e-mail
custodymgt@linkgroup.co.uk.
ENQUIRIES:
BCRE - Brack Capital Real Estate Investments
N.V.
Nansia Koutsou, Co-Chief Executive Officer
Shai Shamir, Co-Chief Executive Officer
Yiannis Peslikas, Chief Financial Officer +31 20 514 1004
Novella Communications
Tim Robertson
Toby Andrews +44 203 151 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 and
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, Amsterdam and
Limassol.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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