("Black Sea Property" or the "Company")
The Company intends to use the net funds from the Placing to acquire a specific investment that the Board has identified on the Black Sea coast. In the unlikely event that this investment does not complete, the Board will seek to make alternative investments.
On completion of the Placing, the Company has been informed the following disclosable interests in the share capital of the Company:
Mamferay Holdings 377,814,581 29.76
Neo London 372,126,806 29.31
Compass Capital 217,936,000 17.17
Capman AM 105,000,000 8.27
The Company has also been informed that Nomokanon is no longer a direct shareholder in BSP but has an indirect interest in 2.56% of BSP through its 8.76% shareholding in Neo London.
Following the issue of the new Ordinary Shares, the Company will have 1,269,407,896 Ordinary Shares in issue, which also represents the total number of voting rights in the Company. This figure should be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.
The Directors of the issuer accept responsibility for the contents of this announcement.
For further information, please visit www.blackseapropertyplc.com or contact the following:
BLACK SEA PROPERTY PLC
Alex Borrelli - Chairman
+44(0) 774 702 0600
PETERHOUSE CORPORATE FINANCE LIMITED
NEX Corporate Adviser
Heena Karani, Fungai Ndoro and Duncan Vasey
+44 (0) 207 469 0930
This information is provided by RNS