SPDI Secure Property Development & Investment Plc

Secure Property Development & Invest PLC/ Index: AIM / Epic: SPDI / Sector: Real Estate

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17 June 2024

Secure Property Development & Investment PLC ('SPDI' or 'the Company')

Notice of EGM

Secure Property Development & Investment PLC, the AIM quoted South Eastern European focused property company, announces that it has today sent a Notice of Extraordinary General Meeting (the "EGM") and associated proxy to shareholders.  A copy of the Notice of EGM can also be found on the Company's website at http://www.secure-property.eu/investor-relations/company-documents/.

The EGM will be held at the registered address of the Company, 16 Kyriakos Matsis Avenue, Eagle House, 10th Floor, 1082 Nicosia, Cyprus on 10 July 2024 at 11:00 a.m.

The purpose of the EGM is to make the necessary changes to the Company's share capital structure in order to permit the distribution to shareholders of SPDI their pro rata allocation of shares of Arcona Property Fund N.V. held by the Company, or by a bank transfer of readily available funds, or both as the board of directors may in their absolute discretion may decide. To do this, the Company's redeemable preference Class B shares need to be cancelled (Resolution 1) and the Company's share premium account needs to be reduced (Resolutions 2 and 3). Shareholders are encouraged to read the Notice of EGM in full for further detail. Both resolutions are to be proposed as special resolutions, and therefore require 75% of those voting to vote in favour to pass.  The Board recommends all shareholders vote in favour of the resolutions, as it intends to do so in respect of its beneficial holdings.

**ENDS**

For further information please visit www.secure-property.eu or contact:

Notes to Editors

Secure Property Development and Investment plc is an AIM listed property development and investment company focused on the South East European markets.  The Company's strategy is focused on generating healthy investment returns principally derived from: the operation of income generating commercial properties and capital appreciation through investment in high yield real estate assets.  The Company is focused primarily on commercial and industrial property in populous locations with blue chip tenants on long term rental contracts.  The Company's senior management consists of a team of executives that possess extensive experience in managing real estate companies both in the private and the publicly listed sector, in various European countries.