TIDMEEP

RNS Number : 8428S

Eastern European Property Fund Ltd

28 December 2016

Eastern European Property Fund Limited

("EEP" or the "Company")

Proceeds received from sale of Romanian subsidiary

28 December 2016

Further to the Company's announcement on 12 December 2016, EEP has received the first tranche of proceeds of EUR 1.16 million from the sale of its Romanian subsidiary, Southern Properties SRL, the holding company for the property located in Bucharest.

The remaining EUR 0.34 million is payable in instalments by 30 June 2018. The deferred consideration has been secured by a charge on the underlying property.

 
 Enquiries: 
 Company Secretary                Steve Pearce (nominated 
  Elysium Fund Management          adviser) 
  Limited                          Henry Freeman (corporate 
                                   broker) 
                                   Liberum Capital Limited 
 Tel: +44 1481 810100             Tel: +44 203 100 2000 
 www.elysiumfundman.com           www.liberum.com 
 
 Company website: www.eepfl.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCKMMZZRRKGVZG

(END) Dow Jones Newswires

December 28, 2016 04:00 ET (09:00 GMT)

Eastern European Property (LSE:EEP)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Eastern European Property Charts.
Eastern European Property (LSE:EEP)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Eastern European Property Charts.