Orchid Developments Group Ltd Posting of Open Offer circular to shareholders (6052R)
20 Novembre 2012 - 3:56PM
UK Regulatory
TIDMOCH
RNS Number : 6052R
Orchid Developments Group Ltd
20 November 2012
20 November 2012
Orchid Developments Group Ltd.
("Orchid" or the "Company")
Posting of Open Offer circular to shareholders
Further to the announcement made earlier today, Orchid (AIM:
OCH), the Bulgarian focused property developer and investor,
announces that the shareholder circular relating to the Open Offer
of 93,966,260 new Ordinary Shares to raise up to GBP2,114,240.85,
Capitalisation of Bellport Fees and Notice of EGM, together with
the Open Offer application form, form of proxy and form of
direction have been printed and posted to the Company's
shareholders and are now available on the Company's website
www.orchid-dev.com.
Ends
Contacts:
Orchid Developments www.orchid-dev.com
Guy Meyohas +359 52 953301
Shore Capital and Corporate Limited
Bidhi Bhoma / Toby Gibbs +44 20 7408 4090
MHP Communications
Reg Hoare / Tim McCall / Vicky
Watkins +44 20 3128 8100
Notes to Editors:
Orchid Developments Group Ltd (OCH.L), which listed on the AIM
market in June 2005, was established with the aim of generating
value for shareholders by investing in real estate and leisure
business opportunities initially in Bulgaria.
The company is active in all principal sub-sectors of the
Bulgarian real estate and leisure markets and currently holds three
residential and six commercial property developments in Sofia and
Varna. Its principal investment is Grand Mall Varna, one of
Bulgaria's leading shopping malls.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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