2nd Dec 2011 07:00
RETURN OF CAPITAL
The Black Sea Property Fund Limited (the "Company")
The Board of Directors of the Black Sea Property Fund is pleased to announce the declaration of a return of capital of 1 pence (net) per ordinary share payable to shareholders of record as at 9 December 2011. The ex date for the return of capital will be 7 December 2011 with payment as soon as practicable thereafter but not later than 19 December 2011.
The Board has determined that given the Company's resources, lifespan, and projected expenses, returning £2 million of capital is appropriate. The Company continues to be well capitalized with approximately £4 million of cash and no debt.
Click on, or paste the following link into your web browser, to view the associated PDF document.
http://www.rns-pdf.londonstockexchange.com/rns/1986T_-2011-12-1.pdf
Enquiries:
Singer Capital Markets Limited James Maxwell | 020 3205 7500 |
Related Shares:
BKSA.L