Issue of New Ordinary Shares & Total Voting Rights

About this update from Secure Property Development & Investment Plc

[{"type":"text","content":"\n \nRNS Number : 3939Y Secure Property Dev & Inv PLC 31 December 2019  \n\n \n31 December 2019\nSecure Property Development & Investment PLC \n('SPDI' or 'the Company')\n \nIssue of New Ordinary Shares and Total Voting Rights\n \nSecure Property Development & Investment PLC, the AIM-quoted property company focused on Emerging Europe, announces that certain executive and non-executive directors, senior management team members and external advisers have elected to receive new Ordinary shares in the Company in lieu of certain cash fees accrued.  Accordingly, the Company has issued, in aggregate, 1,920,961 new Ordinary Shares to these individuals on the following basis: \n \nIssue of new Ordinary Shares pursuant to closing of Stage 1 of the transaction with Arcona Property Fund \n \n1,219,000 new Ordinary Shares have been issued at a price of £0.24 per new Ordinary Share to certain advisers in lieu of certain cash fees for services offered to the Company during 2019 for assistance in closing Stage 1 of the transaction with Arcona Property Fund, as well as to certain executives in lieu of a bonus for the same reason. Michael Beys (the Chairman of the Company) and Lambros Anagnostopoulos (a director of the Company and the CEO) are among the recipients of 165,000 and 553,000 new Ordinary Shares, respectively.  \n \nIssue of new Ordinary Shares to Non-Executive Directors in lieu of accrued fees\n \n261,100 new Ordinary Shares have been issued at a price of £0.24 per new Ordinary Share to the Company's Non-Executive directors who were in office in 2019 in lieu of cash fees accrued in 2019. \n \nThe Company has also issued 176,576 new Ordinary Shares at a price of £0.35 per new Ordinary Share to the Non-Executive Directors at the time in lieu of outstanding liabilities of the Company from relevant fees accrued during the period up to 2016. Consequently all accrued past directors fees are now been paid. \n \nIssue of new Ordinary Shares to adviser and senior management team member for services\n \n200,000 new Ordinary Shares have been issued at a price of £0.24 per new Ordinary Share to SPDI's adviser, Emmanuel Blouin, in lieu of cash fees for services offered to the Company in 2019, as well as 64,285 new Ordinary Shares  at a price of £0.24 per new Ordinary...

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