ABL Ablon

TIDMABL

RNS Number : 6651F

Ablon Group Limited

19 June 2012

FOR IMMEDIATE RELEASE

 
 19 June 2012 
 

POSTING OF AGM CIRCULAR

Ablon Group Limited, a leading real estate owner and developer in Central Europe, has posted today a circular to shareholders convening the 2012 Annual General Meeting of the Company ("AGM") for 1 p.m. on 12 July 2012.

The Notice of Meeting includes resolutions relating to the usual AGM business, including a share buy-back authority.

The Notice of Meeting also includes a resolution seeking the approval of shareholders for the adoption of new articles of association (including changes required as a result, inter alia, of the cancellation of the Company's listing on AIM and the Company becoming subject to the City Code on Takeovers and Mergers with effect from Admission to the Official List and various changes resulting from the implementation of the Companies (Guernsey) Law 2008 and the UK Companies Act 2006, as well as removing the requirement for a resolution every five years to approve 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

Kristof Skwarek                                                           Tel. +36 1 225 6600 

Arden Partners plc

   Adrian Trimmings / Justine Waldisberg                           Tel. +44 (0)20 7614 5900 

ING Wholesale Banking (Joint Corporate Broker)

   Nathalie Bachich de Recina                                           Tel. +44 (0)20 7767 8362 

Newgate Threadneedle (Financial PR)

   Graham Herring                                                            Tel. +44 (0) 20 7653 9858 

Terry Garrett Tel. +44 (0) 20 7653 9845

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, one 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 EUR484 million by external independent appraiser (GVA), as at 31 December 2011. The ABLON Group had, as at 31 December 2011, 202,000 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 1,236,300 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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