Ottoman Fund Limited (The) Sale of Riva Land (2403H)
15 Maggio 2014 - 2:48PM
UK Regulatory
TIDMOTM
RNS Number : 2403H
Ottoman Fund Limited (The)
15 May 2014
The Ottoman Fund Limited
Sale of Riva Land
The Ottoman Fund Limited has sold the remainder of its Riva land
for $101 per m(2), or a total of $32,210,482.67 plus VAT to Danis
Tourism and Construction A. and Levent Selamoglu. The sale price
approximates the Company's last published book value for Riva.
Taxes will be payable on the profits from the sale, which primarily
result from currency gains.
The Ottoman Fund's Board of Directors expects to announce a
return of capital once a capital reduction in Turkey has been
completed.
Enquiries:
N+1 Singer
James Maxwell / Nick Donovan 020 7496 3000
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Company Secretary
Vistra Fund Services Limited 01534 504 700
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This information is provided by RNS
The company news service from the London Stock Exchange
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