7th Dec 2007 14:11
Speymill Deutsche Immobilien Co PLC07 December 2007 Speymill Deutsche Immobilien Company PLC ("SDIC" or "the Company") Buy-back of shares Speymill Deutsche Immobilien Company PLC (AIM: SDIC, SDCC) announces that todayit completed the buy-back of 1,000 C shares of EUR0.25 each in the Company ("CShares") at a price of EUR0.75 per share. The C Shares purchased by the Company will be cancelled and as a result thetotal number of shares in issue will be: Ordinary Shares: 170,000,000C Shares: 249,999,000 7 December 2007 For further information, please contact: Azhic Basirov / Siobhan SergeantSmith & Williamson Corporate Finance Limited 020 7131 4000 Paul Richards / James KingFairfax I.S. PLC 020 7460 4371 Galileo Fund Services LimitedIan Dungate/ Suzanne Jones 01624 692600 Notes to editors: - Speymill Deutsche Immobilien Company plc is a pan-German residential propertyinvestment company which listed on AIM on March 2006, raising £170 million onadmission. - In May 2007, the Company raised a further EUR250 million through a placing of C Shares which were admitted to trading on AIM on 10 May 2007. - The Company was established to invest in the German property market and, predominantly, in the residential sector. It is anticipated that once fully invested, the Company will have a balanced portfolio of properties throughout Germany. - The Company's objective is to provide Shareholders with an attractive level ofncome together with the prospect for long-term capital growth. - The Manager is Speymill Property Managers Limited and the Investment Adviser is GOAL Service GmbH. The Manager and Investment Adviser are responsible for identifying new investment opportunities. - The Manager is a subsidiary of Speymill Group plc (AIM: SYG) while the Investment Adviser is a joint venture partner of Speymill Group plc (which owns 51% of the venture). This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Sdic Power.