Final Results - Replacement

About this update from Secure Property Development & Investment Plc

[{"type":"text","content":"\n \nRNS Number : 0393F Secure Property Dev & Inv PLC 25 July 2016  \n\nThe following amends the Secure Property Development & Investment PLC announcement released at 1629 on 30 June 2016 under RNS number 8718C.\n \nIn the above announcement, the NAV per share was reported as EURO 0.35 and 0.75 for 2015 and 2014 respectively instead of the correct denomination of GBP 0.35 and 0.75 for 2015 and 2014 respectively.   All other details remain unchanged.   The full amended text is shown below.\n \nSecure Property Development & Invest PLC/ Index: AIM / Epic: SPDI / Sector: Real Estate\n \nSecure Property Development & Investment PLC ('SPDI' or 'the Company')\nFinal Results\n \nSecure Property Development & Investment PLC, the AIM quoted South Eastern European focused property company, is pleased to announce its full year financial results for the year ended 31 December 2015.\n \nFinancial Highlights\n·     87% increase in total asset value to €125 million (2014: €67million) reflecting the acquisition of prime real estate with blue chip tenants in the South Eastern European region \n·     64% increase in net operating income to €5.9 million (2014: €3.6 million) \n·     31% increase of net assets to €42.5 million (2014: €32.5 million), while NAV per share was GBP0.35 from GBP0.75, principally as a result of dilution created by the issuance of new shares  (from the Open Offer in March 2015  and as consideration for certain of the acquisitions and, to a lesser extent, revaluation of the  Ukraine assets\n·     €8 million cash raised via Open Offer in March 2015\n \nOperational Highlights\n·     Continued to successfully implement strategy to expand geographic spread of the portfolio \n·     Acquisition of three income producing properties let to blue chip tenants located in South Eastern European countries which offer high yields and capital growth, bringing the total portfolio to seven as at year end\n·     Strengthened Board with appointments of Calypso Nomikos and Vagharshak Barseghyan - two highly qualified entrepreneurial members with extensive investment and real estate knowledge in the region\n \nPost ...

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