10th Sep 2007 07:02
Aisi Realty Public Limited10 September 2007 10 September 2007 Aisi Realty Public Limited Acquisition of outdoor advertising business Aisi Realty Public Limited ("Aisi" or "the Company"), a property investmentcompany focusing on projects in Ukraine, is pleased to announce the acquisitionof an outdoor advertising business and its property assets in Kiev. This is theCompany's seventh acquisition since inception and its first acquisition sincethe successful admission of its shares to trading on AIM on 1 August 2007. The business which has been acquired owns 110 freestanding poster-boards inmajor footprint areas, five banner advertising hoardings on major traffic routesand the rights to nearly 2,000 advertising locations on Kiev's public transport. The total consideration is $2.1m for the business and the associated propertyassets. Over 65% of the business's available advertising space is currentlyunder contract until December 2008, providing a reliable source of income. Thebusiness will continue to be managed by the current Managing Director, SergeiKosenko, who has been involved in advertising for over 10 years. Aisi intends togrow this business organically through the addition of suitable advertisingsites. Commenting on the acquisition, Beso Sikharulidze, Director of Aisi, said: "Theacquisition of this business provides Aisi with an exciting opportunity in agrowing market with outdoor advertising currently growing at over 30% per annumin Ukraine. This acquisition will complement our real estate investments andprovide a good income whilst maintaining our focus." Enquiries Aisi Realty:Beso Sikharulidze 0038 044 459 3000 Corfin Communications:Neil Thapar, William Cullum 020 7977 0020 Libertas Capital:Andrew Hardy, Aamir Quraishi 020 7569 9650 About Aisi Realty Public Limited The Company was established in 2005 with the intention of providing shareholderswith attractive returns, principally from capital appreciation, throughinvesting in real estate development projects and related investments in andaround the major population centres of Ukraine, with a particular focus on Kiev.Aisi's property development projects concentrate on office, residential andwarehouse developments. The Company's investments are managed by Aisi Realty Capital, LLC, a Bostonbased investment manager with a presence in Kiev. Shares in Aisi were admitted to trading on the AIM market of the London StockExchange on 1 August 2007 under the ticker "AISI". Further information is available from the Company's website: www.aisicapital.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Secure Prop