ABL Ablon

TIDMABL

RNS Number : 0839W

Ablon Group Limited

24 January 2012

 
 FOR IMMEDIATE RELEASE   24 January 2012 
 

ABLON GROUP LIMITED

(the "Company")

DIRECTORATE CHANGE

The Company has today been advised that Gerry Williams has resigned as a director of the Company following his resignation from Ardel Holdings Limited ("Ardel") where he was CEO. Ardel is the holding company of Ardel Fund Services Limited which provides administration services in Guernsey to the Company.

For further information, please contact:

 
 Ablon Group Limited 
  Alex Borrelli                        Tel. +44 7747 020600 
 Religare Capital Markets 
  Emily Staples (Financial Adviser)    Tel. +44 (0)20 7444 
  Daniel Briggs (Corporate Broker)     0800 
                                       Tel. +44 (0)20 7444 
                                       0500 
 

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, 1 project in the construction phase and 23 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 traded on the Main 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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