Proposed Move from Aim to the Main Market (6167H)
01 Giugno 2011 - 8:01AM
UK Regulatory
TIDMABL
RNS Number : 6167H
Ablon Group Limited
01 June 2011
FOR IMMEDIATE RELEASE 1 June 2011
ABLON GROUP LIMITED
("Ablon" or the "Company")
PROPOSED MOVE FROM AIM TO THE MAIN MARKET
Ablon Group Limited, a leading real estate owner and developer
in Central Europe, today announces that it intends to apply for a
standard listing of its ordinary shares of EUR0.01 each ("Ordinary
Shares") on the Official List of the UK Listing Authority (the
"Official List") and to trading on the Main Market of the London
Stock Exchange for listed securities (the "Main Market") (together,
"Admission").
Admission will be through an introduction of the existing
Ordinary Shares, with no new Ordinary Shares being issued.
Pursuant to Rule 41 of the AIM Rules for Companies, the Company
hereby gives notice of the intended cancellation of trading of its
Ordinary Shares on the AIM Market of the London Stock Exchange
("AIM").
It is expected that cancellation of trading of the Ordinary
Shares on AIM will take place on the same day as the Ordinary
Shares are admitted by way of a standard listing on the Official
List and begin trading on the Main Market, which is expected to
occur on or around 30 June 2011, subject to receipt of the
necessary approvals from the UK Listing Authority and the London
Stock Exchange.
Alex Borrelli, Chairman, commented: "The Company has been well
served by AIM, however, we believe the profile of the Company will
be raised by a move to the Main Market and will provide the Company
with access to a wider audience of investors as well as giving the
Company greater flexibility with regard to listing on other EU
exchanges and, therefore, potential access to additional pools of
capital in the future."
Existing shareholders should consult their own tax advisers as
to the tax implications of the move from AIM to the Official
List.
For further information, please contact:
Ablon Group Limited Tel. +36 1 225 6600
Uri Heller / Adrienn Lovro
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Religare Capital Markets Tel. +44 (0)20 7444
James Pinner / Derek Crowhurst (Nominated 0800
Adviser) Tel. +44 (0)20 7444
Daniel Briggs (Joint Corporate Broker) 0500
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ING Wholesale Banking (Joint Corporate Tel. +44 (0)20 7767
Broker) 8362
Julie Wakkie / Jeroen van de Crommenacker
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Buchanan Communications (Financial PR) Tel. +44 (0)20 7466
Tim Thompson / Richard Darby / Christian 5000
Goodbody / Gabriella Clinkard
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NOTES TO EDITORS
About Ablon Group Limited
Founded in 1993 in Budapest (Hungary), Ablon and its
subsidiaries (together the "Ablon Group") has properties at 34
locations, of which there are 15 completed projects and 24
development projects in Budapest, Prague, Bucharest, Warsaw and
Gdansk. Its portfolio comprises a diversified mix of office,
residential, retail, logistics and hotel developments valued at
EUR574 million by external independent appraisers (GVA and King
Sturge), as at 31 December 2010. The Ablon Group had, as at 31
December 2010, 201,150 square metres of existing and income
generating office, residential, hotel, retail and logistics assets
(at 15 locations) in Budapest and Prague, with a significant
development land bank comprising a further 1,234,800 square metres
(at 24 locations) in Budapest, Prague, Bucharest, Warsaw and
Gdansk. Ablon's shares are currently traded on the AIM market of
the London Stock Exchange under the ticker 'ABL'.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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