Formal Notice Termination of Management contract
18 Giugno 2009 - 9:40AM
UK Regulatory
TIDMLCSR
Lewis Charles Romania Property Fund Limited (the "Company")
Termination of Management Contract
The Company announces that on 17 June 2009 it served notice on Lewis Charles
Securities Limited ("Lewis Charles") of termination of the Management Agreement
dated 27 July 2007 between Lewis Charles and the Company.
Under the terms of the Management Agreement the earliest date for the stipulated
six month notice period to start from is 2 August 2009 and, accordingly,
termination will take effect on 2 February 2010. Giving early notice will
provide the board with additional flexibility to review the options available to
it and decide upon the nature of future arrangements for the management of the
Fund and ensure that these are implemented.
For further information contact:
Lewis Charles Romania Property Fund Limited
Richard Prickett
Canaccord Adams
Robert Finlay
Tel: +44 (0) 20 7050 6500
Conduit PR Ltd
Ed Portman
Tel: +44 (0) 20 7429 6607 / +44 (0) 77 3336 3501
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