28th Jan 2008 12:19
Speymill Deutsche Immobilien Co PLC28 January 2008 Speymill Deutsche Immobilien Company PLC ("SDIC" or "the Company") Buy-back of shares Speymill Deutsche Immobilien Company PLC (AIM: SDIC, SDCC) announces that onFriday, 25 January 2008, it completed the buy-back of 1,000,000 C shares ofEUR0.25 each in the Company ("C Shares") at a price of EUR0.74 per share and afurther 500,000 C Shares at a price of EUR0.73 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: 242,299,000 28 January 2008 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 property investment company which listed on AIM on March 2006, raising £170 million on admission. - 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 of income together with the prospect for long-term capital growth. - The Manager is Speymill Property Group Limited (formerly named 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.