RNS Number : 0729Y
Madara Bulgarian Property Fund
02 July 2008
2 July 2008
Madara Bulgarian Property Fund Limited
New Shareholder Benefit Scheme
Madara Bulgarian Property Fund Limited ("the Fund") is pleased to announce a new shareholder benefit scheme. With
immediate effect,
shareholders owning more than 2,500 shares in the Fund will be given a 45 day exclusivity period prior to the official
release of any of the
Fund's developments in which to reserve an apartment, house or villa.
The Fund is currently co-developing the Black Sea Gardens project (www.blackseagardens.com), a luxury resort
designed by Foster +
Partners ("the Development"). The Fund has been very pleased with the level of interest from potential buyers and,
although the designs are
not yet at the stage of being able to take specific reservations, the Fund will be offering the first phase of the
Development exclusively
to shareholders holding more than 2,500 shares 45 days prior to the general launch.
This offer is subject to availability and certain terms and conditions on a first-come first-served basis and is
applicable to all new
and existing shareholders.
We are keen for shareholders to participate in and follow the progress of this exciting project and we intend to
give shareholders the
opportunity to view the Development in the coming months. Interested shareholders should contact Milena Harrison for
further details and to
register any interest in advance. Full details of the shareholder benefit scheme and how to apply for an information
pack will be sent to
shareholders that meet the criteria at the appropriate time.
For further information:
Milena Harrison Madara Bulgarian Property Fund Ltd +44 (0) 20 7534 3338
Corporate Communications
Notes to editors
Madara Bulgarian Property Fund Limited
Madara Bulgarian Property Fund Limited is a Jersey incorporated, limited liability, closed ended investment fund
established in April
2006 to invest in Bulgarian land and its development and listed on AIM in June 2007. The Fund has special purpose
subsidiary companies in
Bulgaria held via a Maltese holding company to ensure an optimally tax-efficient structure. As well as holiday
accommodation in coastal and
ski resorts and city locations, the Fund's projects are expected to include commercial property and infrastructure.
www.madarafund.com
This information is provided by RNS
The company news service from the London Stock Exchange
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