18th Sep 2007 11:55
Safeland PLC18 September 2007 SAFELAND PLC Safeland plc ("Safeland"), the fund management, property trading and investmentcompany, today held its Annual General Meeting at 10:00am at 94-96 Great NorthRoad, London N2 0NL. All resolutions were passed unanimously. Before the formal proceedings of the AGM, Raymond Lipman, Chairman of Safelandplc, made the following statement to shareholders: "We were very pleased to announce this month that Safeland Active Management,the Jersey unit trust to which Safeland plc is UK property manager, had raisedfurther funds to increase the Fund's leveraged investment capability to circa£200 million. "Safeland is responsible for identifying investment opportunities and formanaging the properties which are acquired and to date, £47 million has alreadybeen invested in properties, all of which trade under the brand name "Flexspace"offering space, typically to small businesses, on short term renewable licencesfor use as offices, studios, workshops and other light industrial workspace. "This is an important step for Safeland plc as it not only gives us increasedrevenue through our management fee and the potential to earn more through profitshare, but also firmly establishes our fund management business which shouldgive us a more predictable revenue stream going forward." For further information please contact: Safeland plc Parkgreen Communications LtdLarry Lipman, Managing Director Paul McManusPaul Davis, Finance Director Tel: 020 7851 7480Tel: 020 8815 1600 Mob: 07980 541 893www.safeland.co.uk [email protected] This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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