25th Jul 2014 13:47
The Ottoman Fund Limited
Sale of Bodrum Land
The Ottoman Fund Limited is pleased to announce that it has sold its Bodrum land asset for $28.5 million to Besa Marin Turizm Isletmeleri A.S. The sale price is in excess of the Company's last published book value for the Bodrum land of $26.7 million as at 28 February 2014.
The Ottoman Fund's Board of Directors expects to announce a return of capital once a capital reduction in the Company's Turkish subsidiary has been completed. This process is expected to take several months.
Enquiries:
N+1 Singer James Maxwell / Nick Donovan
| 020 7496 3000 |
Company Secretary Vistra Fund Services Limited | 01534 504 700 |
Related Shares:
Ottoman Fund