SPDI Announces EGM to Finalize Share Distribution

SECURE PROPERTY Development & Investment ( (GB:SPDI) ) just unveiled an announcement.

Secure Property Development & Investment PLC (SPDI), a South Eastern European focused real estate company, has announced an Extraordinary General Meeting (EGM) to discuss changes to its share capital structure. The meeting aims to finalize the distribution of shares from Arcona Property Fund N.V. to SPDI shareholders, requiring a reduction in the company’s share premium account. The board recommends shareholders vote in favor of the resolutions, which need a 75% approval to pass.

More about SECURE PROPERTY Development & Investment

Secure Property Development and Investment plc is an AIM listed property development and investment company focused on the South East European markets. The Company’s strategy is focused on generating healthy investment returns principally derived from the operation of income generating commercial properties and capital appreciation through investment in high yield real estate assets. The Company is focused primarily on commercial and industrial property in populous locations with blue chip tenants on long term rental contracts.

YTD Price Performance: -6.25%

Average Trading Volume: 148,090

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: £4.84M

See more data about SPDI stock on TipRanks’ Stock Analysis page.