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Update re Reduction of Capital

2nd Jul 2025 10:00

RNS Number : 4046P
Secure Property Dev & Inv PLC
02 July 2025
 

Secure Property Development & Invest PLC/ Index: AIM / Epic: SPDI / Sector: Real Estate

2 July 2025

 

Secure Property Development & Investment PLC ('SPDI' or 'the Company')

 

Update re Reduction of Capital

 

Secure Property Development & Investment PLC, the AIM quoted South Eastern European focused property company, announces that it has obtained from the Cyprus Registrar of Companies the certificate confirming the reduction of share capital (as approved by shareholders on 23 April 2025), which in turn enables the distribution of the Arcona Property Fund shares it holds to its shareholders pro rata to their shareholdings. The Board of SPDI will liaise with its advisers to define the process needed in order to do so and will revert in due course with further details.

 

**ENDS**

 

For further information please visit www.secure-property.eu or contact:

 

Lambros Anagnostopoulos

SPDI

Tel: +357 22 030783

 

Rory Murphy

Ritchie Balmer

Robert Collins

 

 

Strand Hanson Limited

 

Tel: +44 (0) 20 7409 3494

 

Jon Belliss

 

Susie Geliher

 

Novum Securities Limited

 

St Brides Partners Ltd

 

Tel: +44 (0) 207 399 9400

 

Tel: +44 (0) 20 7236 1177

 

Notes to Editors

 

Secure Property Development and Investment plc is an AIM listed property development and investment company focused on the South East European markets. The Company's strategy is focused on generating healthy investment returns principally derived from: the operation of income generating commercial properties and capital appreciation through investment in high yield real estate assets. The Company is focused primarily on commercial and industrial property in populous locations with blue chip tenants on long term rental contracts. The Company's senior management consists of a team of executives that possess extensive experience in managing real estate companies both in the private and the publicly listed sector, in various European countries.

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