Notice of Results

About this update from Secure Property Development & Investment Plc

[{"type":"text","content":"\n \nRNS Number : 4265B Secure Property Dev & Inv PLC 16 June 2016  \n\nSecure Property Development & Invest PLC/ Index: AIM / Epic: SPDI / Sector: Real Estate\n16 June 2016\nSecure Property Development & Investment PLC ('SPDI' or 'the Company')\nNotice of Results\n \nSecure Property Development & Investment PLC, the AIM quoted South Eastern European focused property and investment company, announces that it expects to release its full year financial results for the year ended 31 December 2015, on 28 June 2016.\n \nHighlights of the 2015 Annual Results, which are subject to final audit sign off, include:\n \n·     88% increase in total asset value to €126 million (2014: €67million) reflecting the acquisition of prime real estate with blue chip tenants in the South Eastern European region \n·     61% increase in revenues to €5.9 million (2014: €3.6 million) derived as follows:\no  €5.2 million from rental income,  utilities and services income from tenants (2014: €3.57 million)\no  €0.4 million from net sales (sales minus cost of sales) of residential units (2014: €0.03 million)\no  €0.3 million from sale of electricity produced from Greek photovoltaic park (2014: €0 million)\n·     Gross asset value per share at year end was €1.35 (2014: €1.81) the fall reflecting in part share issuance in 2015 (from the Open Offer in March 2015 and the shares issued as consideration for certain of the acquisitions) as a result of which the number of shares increased to 90 million at 31 December 2015 from 33.9 million at 31 December 2014\n·     Portfolio increased to seven income producing properties let to blue chip tenants located in South Eastern European countries which offer high yields and capital growth\n \nLambros Anagnostopoulos, Chief Executive Officer, said, \"2015 was yet another transformational year for SPDI, as evidenced by the 88% increase in the asset value of our portfolio to €121 million and a 61% boost to our revenues to €5.9 million.  This step-up has been a result of our three acquisitions made during the year in line with our strategy to diversify and broaden our geographic spread across South Eastern Europe, taking advantage of prime locations, strong covenants with blue chip te...

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