The Black Sea Property Fund Limited (the "Company")
For immediate release
31 October 2014
Shareholders will shortly be receiving a circular with plans for a voluntary liquidation of the Company.
The Jersey Financial Services Commission ("JFSC") has refused to give its approval to continue the Company as a vehicle for new investments in Bulgaria which it viewed as inappropriate as the Company was set up for a specific purposes which has now ended. The board will therefore take steps to implement the JFSC's decision.
Enquiries:
Company Secretary
SJ Secretaries Limited +44 (0) 1534 850 750
Nominated Advisor
N+1 Singer Advisory LLP +44 (0) 207 496 3000
James Maxwell
Nick Donovan
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