Restoration of Trading / Noti

About this update from Secure Property Development & Investment Plc

[{"type":"text","content":"\n RNS Number : 3048W Aisi Realty Public Limited 27 July 2009  \n \n\nAISI Realty Public Limited\n\n'AISI' or 'the Company'\n\nRestoration of Trading\nNotification of Extraordinary General Meeting\nProposed US$5.4 million Placing to complete the Brovary Warehouse Project\n\n \nRestoration of Trading\n\nThe Company is pleased to announce that the suspension of trading of its Ordinary Shares on the AIM market, which commenced on 30 June 2009, has been lifted with effect from 10:00 a.m. on 27 July 2009. The Restoration of trading follows publication of Report & Accounts for the year ended 31 December 2008. \n  \nUnder the AIM Rules, a company that does not publish its Report and Accounts within 6 months of the year end has its shares automatically suspended. The Directors were not able to sign-off on the Company's Report and Accounts for the year ended 30 June 2008 until the completion of a re-financing programme, as detailed below. \n \nDuring the period of suspension, the Board has negotiated and secured the injection of additional finance of US$5.4 million, to be provided by way of a placing, into the business. This financing is conditional on shareholder approval to be sought at an Extraordinary General Meeting of the Company. \n\nFurther information on the financing is set out below, together with the notice of the Extraordinary General Meeting of the Company to be held at 10.00 a.m. on 9 August 2009 at Totalserve House, 17 Gr. Xenopoulou Street, Limassol 3106, Cyprus.\n \nNotice of EGM \n \nAnnouncement of the Company's annual results to 30 December 2008 preceded this announcement. The annual results have been posted to shareholders together with a circular giving further details on the financing which also includes the notice of the EGM. The annual results and the Circular are all available on the Company's website www.aisicap.com \n\nProposed Placing\n\nThe Company today announces that it has conditionally placed with new and existing investors 222,081,507 new ordinary shares ('Placing Shares') of €0.01 each ('Ordinary Shares') at a price o...

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