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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Ablon Group Limited       GG00B1LB2139

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Ablon Group Limited : Statement re Shareholder Notification

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02/25/2013 | 02:16pm CET


Statement re Shareholder Notification

ABLON Group Limited ("ABLON" or the "Company"), a leading real estate owner and developer in Central Europe, was informed today by AURA Holding GmbH that Mr. Uri Heller as the ultimate beneficial owner has sold 39 237 704 shares and that following this transaction Mr Uri Heller no longer holds any ordinary shares in the Company.

Through the Form 8 (DD) announcement published on 22 February 2013 ABLON was informed by CPI Group a.s. that it has bought 39 237 704 shares at 22.5 pence per share in the Company. Following this transaction CPI Group a.s., with Mr Radovan Vítek as ultimate beneficial owner, has 69 681 642 shares in ABLON that represents 50.89% of the voting rights and outstanding shares of the Company.

The Company notes that as a result of the transaction CPI Group a.s. became the parent company of ABLON Group. The purchase has triggered an unconditional mandatory takeover offer for the Company, which was announced via RNS on 22 February 2013.

For further information, please contact:

Alex Borrelli / Adrienn Lovro

Ablon Group Limited

+44 7747 020 600/+36 1 225 6600

Roland Cornish/Emily Staples

Beaumont Cornish Limited

+44 207 628 3396

About ABLON Group Limited

Founded in 1993 in Budapest (Hungary), ABLON and its subsidiaries (together the "ABLON Group") has properties at 33 locations, of which there are 15 completed projects and 23 development projects in Budapest, Prague, Bucharest and Warsaw. Its portfolio comprises a diversified mix of office, residential, retail, logistics and hotel developments valued at €385 million as at 30 June 2012. The ABLON Group had, as at 30 June 2012, 202,000 square metres of existing and income generating office, residential, hotel, retail and logistics assets (at 15 locations) in Budapest and Prague, with a significant development land bank comprising a further 1,159,600 square metres (at 23 locations) in Budapest, Prague, Bucharest and Warsaw. ABLON's shares are traded on the Main Market of the London Stock Exchange under the ticker 'ABL'.

This information is provided by RNS
The company news service from the London Stock Exchange
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