2nd Feb 2009 07:00
South African Property Opportunities plc
Re: Strategic review
The Board of South African Property Opportunities plc announce their intention to conduct a strategic review of the Company. The Company's portfolio has performed well but the Board is mindful of the wide discount to net asset value at which the Company's shares are currently trading and the necessity for some shareholders to realise cash.
To initiate the review process, the Board have requested the Company's brokers to consult with shareholders regarding the future of the Company and a further announcement will be made in due course.
A trading update will be published shortly and the Company's interim results for the period ending 31 December, 2008 are due to be published on 16 February, 2009.
The Board also announces that Matrix Corporate Capital, the Company's brokers, have also been appointed as the Company's nominated adviser.
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For further information please contact:
South African Property Opportunities plc
Richard Tice, Director
+44 20 7499 8842
Matrix Corporate Capital LLP Paul Fincham+44 20 3206 7175
Bell Pottinger Dan de Belder+44 20 7861 3232
Related Shares:
South African Property Opportunities