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Company Update
Secure Property Development & Investment PLC has encountered delays in distributing Arcona Property Fund N.V. shares to its shareholders due to the custodian's "Know Your Client" regulatory obligations, preventing completion in Q1 2026 as initially planned. The company is exploring alternative solutions with its advisors. Additionally, SPDI remains in discussions with AdvEn Industries Inc. regarding a revised transaction structure and the repayment of an initial secured loan totaling €250,000 plus an additional €45,000, with further updates expected soon. Disclaimer*
About this update from Secure Property Development & Investment Plc
19 June 2026 Secure Property Development & Investment PLC ('SPDI' or 'the Company') Company Update Arcona Share Distribution Secure Property Development & Investment PLC (AIM: SPDI), the South Eastern European focused property and investment company, announces that further to the announcement of 22 December 2025 and the Company's shareholder approved distribution of the Arcona Property Fund N.V. ("Arcona") shares (the "Shares") to SPDI shareholders ("Distribution"), the Company has collected the majority of the relevant shareholder responses to the letter dated 14 October 2025. SPDI had expected to be able to complete the Distribution in Q1 2026. However, discussions with the Company's Arcona Share Custodian ("Custodian") since the beginning of 2026, which are continuing, have failed to identify a way to effect the Distribution. This is due to the regulatory obligations of the Custodian in relation to its "Know Your Client" rules, which are applicable in this case to all final recipients of the Shares (shareholders of SPDI). The Company has been and continues exploring alternatives with its advisers and will provide further updates as and when appropriate. AdvEn Loan Further to the announcements of 5 November 2025 and 7 April 2026, SPDI confirms that it remains in discussions with AdvEn Industries Inc in relation to a revised transaction structure as well as the repayment plan for the related initial secured loan of €250,000 (and an additional €45.000 as previously announced). The Company expects to be able to inform the shareholders on the subject soon. Further updates will be provided as and when appropriate. The Company reserves all rights in respect of enforcing its rights under the loan agreements. **ENDS** For further information please visit www.secure-property.eu or contact: Lambros Anagnostopoulos SPDI Tel: +357 22 030783 Rory Murphy Ritchie Balmer Strand Hanson Limited Tel: +44 (0) 20 7409 3494 Jon Belliss Susie Geliher AlbR Capital Limited St Brides Partners Ltd Tel: +44 (0) 20 7469 0930 Tel: +44 (0) 20 7236 1177 Notes to Editors Secure Property Development and Investment plc is an AIM listed property development and investment com...
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