28th Dec 2016 09:00
Eastern European Property Fund Limited
("EEP" or the "Company")
Proceeds received from sale of Romanian subsidiary
28 December 2016
Further to the Company's announcement on 12 December 2016, EEP has received the first tranche of proceeds of EUR 1.16 million from the sale of its Romanian subsidiary, Southern Properties SRL, the holding company for the property located in Bucharest.
The remaining EUR 0.34 million is payable in instalments by 30 June 2018. The deferred consideration has been secured by a charge on the underlying property.
Enquiries:
| |
Company Secretary Elysium Fund Management Limited
| Steve Pearce (nominated adviser) Henry Freeman (corporate broker) Liberum Capital Limited
|
Tel: +44 1481 810100 | Tel: +44 203 100 2000 |
www.elysiumfundman.com | www.liberum.com |
Company website: www.eepfl.com |
Related Shares:
Eastern European Property