Update re. Cyprus

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[{"type":"text","content":"\n \nRNS Number : 2317B SPDI Secure Property Dev&Inv PLC 02 April 2013  \n \n\n02 April 2013\n \nSECURE PROPERTY Development & Investment\n \n(\"SPDI\" or \"the Company\")\n \nUpdate re. Cyprus\n \nSECURE PROPERTY Development & Investments Ltd, a South Eastern European focused property and investment company, informs its shareholders that, as the situation stands today, the Cyprus banks bail-in will have no material effect on the Company's business.\n \nThe Company holds most (98%) of its liquidity with non-Cypriot owned banking institutions, partly in Cyprus and partly outside Cyprus.\n \nLiquidity used for operational reasons is held partly in Ukraine, with a non-Cypriot banking institution, and partly in Cyprus, predominantly with a non-Cyprus banking institution, but also a small part was placed with Cyprus Popular (Laiki) Bank. The latter is the only part of the Company's liquidity that, according to the decisions taken by the European and Cypriot authorities to date, is at risk. The maximum impact of the current measures is estimated not to exceed $135,000, or less than 1% of the Company's liquidity.\n \nThe temporary capital transfer restrictions imposed by the Cypriot authorities may have a minor and temporary effect on the Company, but this does not affect its day-to-day operations. The Company is monitoring the situation closely and will act accordingly\n- Ends -\n \nEnquiries:\n \nSECURE PROPERTY Development & Investment plc                         + 380 44 459 3000\nLambros Anagnostopoulos                                                                    www.secure-property.eu\nConstantinos Bitros\n \nLiberum Capital Limited (Nomad and Broker)                           &nb...

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