Posting of Circular to Shareholders (6168H)
01 Giugno 2011 - 8:01AM
UK Regulatory
TIDMABL
RNS Number : 6168H
Ablon Group Limited
01 June 2011
FOR IMMEDIATE RELEASE 1 June 2011
ABLON GROUP LIMITED
("Ablon" or the "Company")
POSTING OF CIRCULAR TO SHAREHOLDERS
Ablon Group Limited, a leading real estate owner and developer
in Central Europe, has yesterday posted a circular to shareholders
convening the 2011 Annual General Meeting of the Company ("AGM")
for 9.30 a.m. on 23 June 2011.
The Notice of Meeting includes resolutions relating to the usual
AGM business, including a share buy-back authority.
Further to the announcement earlier today regarding the proposed
cancellation ("Cancellation") of trading of the Company's ordinary
shares of EUR0.01 each ("Ordinary Shares") on the AIM Market of the
London Stock Exchange ("AIM") and application for a Standard
Listing of the Ordinary Shares on the Official List of the UK
Listing Authority (the "Official List") and to trading on the
London Stock Exchange's main market for listed securities (the
"Main Market") (together, "Admission"), a resolution to approve the
Cancellation will be proposed at the AGM.
The Notice of Meeting also includes resolutions seeking the
approval of shareholders for the adoption of new articles of
association conditional upon Admission (as a result, inter alia, of
the Cancellation, the Company becoming subject to the City Code on
Takeovers and Mergers with effect from Admission and various
changes resulting from the implementation of the Companies
(Guernsey) Law 2008 and the UK Companies Act 2006) and, as required
by the articles of association, for the continuation of the
Company.
The directors of the Company consider that the resolutions to be
proposed at the AGM are in the best interests of the Company and
its shareholders as a whole and unanimously recommend that
shareholders vote in favour of the resolutions.
A copy of the circular to shareholders can be found at:
www.ablon-group.com.
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 Clinkcard
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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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