Founding Shareholder Warrants

About this update from Secure Property Development & Investment Plc

[{"type":"text","content":"\n RNS Number : 3382U Aisi Realty Public Limited 13 May 2008  \n \n13 May 2008\n\nAisi Realty Public Limited\n('Aisi' or 'the Company')\n\nFounding Shareholder Warrants\n\nAisi Realty Public Limited, the property investment group focusing on developing real estate projects and related investments in Ukraine, is pleased to confirm the number of warrants to be issued to the Founding Shareholders under the terms of the Founding Shareholders Warrant Instrument as described in the Company's Admission Document dated 25 July 2007.\n \nThe maximum number of Ordinary Shares to be issued on exercise of the Founding Shareholder Warrants is 26,073,566, which is based upon the aggregate net valuation increase of $14.86m, being the net valuation increase in the Company's interests in the Founding Investment Portfolio and the net sale proceeds from the disposal of its interest in the Tarasovskaya Street project.\n\nFounding Shareholders will be sent a notification letter, which will contain full details of the number of warrants available to be exercised by each individual Founding Shareholder. Founding Shareholders will have 30 days from the date of such letter to exercise their warrants in full (no partial exercise is permitted). Following this period, it is expected that the Ordinary Shares will be issued, and application will be made for their admission to AIM within 14 days.\n\nInformation on the Founding Shareholder Warrant Instrument and the Company's Founding Investment Portfolio is set out in the Company's Admission Document which is available to be viewed on the Company's website (www.aisicap.com).\n\n\nEnquiries:\n\n\n\n\n\nAisi\n\n\n\n\n\n\n\nBeso Sikharulidze, Director\n\n\n+38 044 459 3000\n\n\n\n\n\n\n\n\n\n\n\n\nLibertas Capital\n\n\n\n\n\n\n\nAndrew Hardy, Aamir Quraishi\n\n\n+44 20 7569 9650\n\n\n\n\n\n\n\n\n\n\n\n\nCorfin Communications\n\n\n\n\n\n\n\nNeil Thapar, William Cullum, Clare Perks\n\n\n+ 44 20 7977 0020 \n\n\n\n\n\n\n\nThis information is provided by RNSThe company news service from the London Stock Exchange  END  MSCGGGMKDFMGRZM \n ","length":4446,"tagName":"div"}]

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