MAX Max Prop

 

TIDMMAX 
 
RNS Number : 9541X 
Max Property Group PLC 
25 August 2009 
 

 
 
Max Property Group Plc 
 
 
 
 
Portfolio purchase update 
 
 
 
 
Following extensive discussions with the Receivers of Industrious Group, the 
Board of Max Property Group Plc ("MPG") can now confirm that completion of the 
7.6m sq ft portfolio is expected to occur by 7th October, as previously 
announced. 
 
 
On Friday, 21st August a claim was issued in the High Court by an interested 
bondholder against the holding company of the portfolio (in receivership) and 
the Security Trustee.  MPG is not a named party in this 
litigation. Notwithstanding this litigation, the Receivers of Industrious Group 
have confirmed to MPG that the sale as referred to in MPG's announcement of 5th 
August has now gone unconditional. 
 
 
 
 
 
 
 
 
25 August 2009 
 
 
 
 
ENQUIRIES: 
 
 
+----------------------------------------------+----------------------------+ 
| Prestbury Investments LLP                    | Tel: 020 7647 7647         | 
+----------------------------------------------+----------------------------+ 
| Nick Leslau                                  |                            | 
+----------------------------------------------+----------------------------+ 
| Mike Brown                                   |                            | 
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|                                              |                            | 
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| College Hill                                 | Tel: 020 7457 2020         | 
+----------------------------------------------+----------------------------+ 
| Alex Sandberg                                |                            | 
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| Gareth David                                 |                            | 
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|                                              |                            | 
+----------------------------------------------+----------------------------+ 
| Morgan Stanley (NOMAD)                       | Tel: 020 7425 8000         | 
+----------------------------------------------+----------------------------+ 
| Jonathan Lane                                |                            | 
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| Mark Brooker                                 |                            | 
+----------------------------------------------+----------------------------+ 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 ACQSEFSUISUSEEA 
 

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