ABL Ablon

TIDMABL

RNS Number : 6729I

Ablon Group Limited

17 June 2011

 
 FOR IMMEDIATE RELEASE   17 June 2011 
 

ABLON GROUP LIMITED

("Ablon" or the "Company")

INDICATIVE TIMETABLE FOR PROPOSED MOVE FROM AIM TO THE MAIN MARKET

Further to the announcement made on 1 June 2011 pursuant to which the Company, a leading real estate owner and developer in Central Europe, announced 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"), the indicative timetable for Admission is as follows:

 
 2011 Annual General Meeting of the        9:30 a.m. on 23 June 2011 
  Company 
 Publication of the prospectus             on or around 28 June 2011 
                                          -------------------------- 
 Cancellation of trading in the Ordinary      7:00 a.m. on or around 
  Shares on AIM                                          1 July 2011 
                                          -------------------------- 
 Admission and commencement of dealings       8:00 a.m. on or around 
  of the Ordinary Shares on the Main                     1 July 2011 
  Market of the London Stock Exchange 
                                          -------------------------- 
 

Subject to the necessary resolutions being passed at the 2011 Annual General Meeting of the Company and receipt of the necessary approvals from the UK Listing Authority and the London Stock Exchange, 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 1 July 2011.

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 
  Kristof Skwarek 
 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 
 ING Wholesale Banking (Joint Corporate       Tel. +44 (0)20 7767 
  Broker)                                      8362 
  Jeroen van de Crommenacker 
 Buchanan Communications (Financial PR)       Tel. +44 (0)20 7466 
  Tim Thompson / Richard Darby / Christian     5000 
  Goodbody / Gabriella Clinkard 
 

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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