Real Estate Credit Inv. PCC Ltd Market Announcement for ERII LN (6429T)
07 Ottobre 2014 - 12:26PM
UK Regulatory
TIDMRECI TIDMRECP TIDMERII
RNS Number : 6429T
Real Estate Credit Inv. PCC Ltd
07 October 2014
7 October 2014
Real Estate Credit Investments PCC Limited (the "Company")
Market Announcement for ERII LN (the Cell shares)
The Company's Board of Directors is pleased to announce the sale
of Alba 05, Alba 06 and Eirles 236B at above their aggregate value
assessed in the most recent valuation. Following the sale of these
assets, the full settlement proceeds from which are expected to be
received shortly, the remaining assets of the ERII Cell are as
follows:
ERII Cell Position Summary (in EUR million)
There is one position in the ERII Cell. That position has been
held at zero value since the ERII Cell was created, and is expected
to have no value in the foreseeable future.
ERII Cell Cash Summary (in EUR million)
Following the final cash settlement of the realised assets,
which is expected to be before 10 October, the cash balance is
expected to be approximately EUR18.2 million
The Directors are considering how best to return the proceeds of
the above sales to shareholders as part of the overall realisation
of the ERII shares, which may include a winding up of ERII.
For further information, please contact:
Public Relations: Henrietta Dehn +44 (0)20 540 6460
Investor Relations: Nicole Von Westenholz +44 (0)20 7968 7482
This information is provided by RNS
The company news service from the London Stock Exchange
END
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