Ottoman Fund Limited (The) Sale of Bodrum Land (3759N)
25 Luglio 2014 - 2:47PM
UK Regulatory
TIDMOTM
RNS Number : 3759N
Ottoman Fund Limited (The)
25 July 2014
The Ottoman Fund Limited
Sale of Bodrum Land
The Ottoman Fund Limited is pleased to announce that it has sold
its Bodrum land asset for $28.5 million to Besa Marin Turizm
Isletmeleri A.S. The sale price is in excess of the Company's last
published book value for the Bodrum land of $26.7 million as at 28
February 2014.
The Ottoman Fund's Board of Directors expects to announce a
return of capital once a capital reduction in the
Company's Turkish subsidiary has been completed. This process is expected to take several months.
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
END
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