Phoenix Spree Deutschland Limited Property Advisor Share Sales (8094P)
February 12 2019 - 9:57AM
UK Regulatory
TIDMPSDL
RNS Number : 8094P
Phoenix Spree Deutschland Limited
12 February 2019
12 February 2019
Phoenix Spree Deutschland Limited
(the "Company")
Property Advisor Share Sales
Phoenix Spree Deutschland Limited (LSE: PSDL.LN), the UK Main
Market listed investment company focused on Berlin residential real
estate, announces it has been informed that PMM Partners (UK)
Limited and its principals have sold a total of 2,239,361 shares in
the Company at a price of GBP3.50 per share.
PMM Partners (UK) Limited acted as property advisor to the
Company until it was replaced by PMM Residential Limited, effective
from the 1(st) of January 2019, in the previously announced
intra-group reorganisation. The sale of the shares was made to
cover the tax liabilities arising from the December 2017
performance fee which was paid by awarding PSD shares to PMM
Partners (UK) Limited in May 2018.
For further information, please contact:
Phoenix Spree Deutschland Limited
Stuart Young +44 (0)20 3937 8760
Numis Securities Limited (Corporate Broker) +44 (0)20 3100 2222
David Benda
Tulchan Communications (Financial PR)
Elizabeth Snow +44 (0)20 7353 4200
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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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