Holding in Co/Director S/hldg
April 06 2001 - 3:18AM
UK Regulatory
RNS Number:7459B
Eurocity Properties PLC
5 April 2001
Eurocity Properties plc
Substantial shareholding
Eurocity Properties plc has been notified that Ms P. Salem has today acquired
600,000 ordinary shares in the Company, representing 11.48 per cent. of the
issued share capital. Ms Salem is a connected party of a shareholder in the
Company who holds 131,578 ordinary shares, representing 2.52 per cent. of the
issued share capital. Following the purchase the aggregate holding of these
shareholders is 731,578 ordinary shares, representing 14.00 per cent. of the
issued share capital.
Desmond Bloom, a director of the Company, has entered into an agreement with the
shareholders referred to above whereby the shareholders can require Mr Bloom on
1 March 2002 to purchase 731,578 ordinary shares in the Company at a price of
36.5p per share. If this option is exercised, the aggregate holdings of Mr
Bloom and his son, Baron Bloom, Managing Director of the Company, will be
1,487,473 ordinary shares representing 28.46 per cent. of the issued share
capital.
5 April, 2001
Enquiries:
Eurocity Properties plc Tel: 020 7495 7799
Desmond Bloom, Director
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