Last checked at 16 Oct 2008 14:25
Speymill Deutsche Immobilien Company plc
("SDIC" or "the Company")
Conversion of C Shares
Further to the publication today of SDIC's results for the year ended 30 June 2008, the Company confirms that the conversion of the Company's C shares into ordinary shares will become effective following close of business today.
As detailed in the Company's results announcement made today, the conversion ratio is 0.68977 ordinary shares per C share. The final number of new ordinary shares into which the C shares will convert will be calculated by reference to the Company's shareholder register as at close of business today.
Application has been made for the existing C shares (ISIN number IM00B1W67F64) to be cancelled from trading and for the new ordinary shares resulting from the conversion of the C shares to be admitted to trading on AIM with effect from the opening of business on 17 October 2008.
For more information, please visit www.sdic.co.im or contact:
| Speymill Property Group (Manager) | Smith & Williamson Corporate Finance Limited (Nomad) | Tavistock Communications |
| Floris van Dijkum, Global Chief Investment Officer | Azhic Basirov Joanne du Plessis | Jeremy Carey Simon Hudson Gemma Bradley |
| +44 20 7659 0763 | +44 20 7131 4000 | +44 20 7920 3150 |
| Nigel Caine | ||
| +44 1624 640 860 | Fairfax I.S. PLC (Brokers) | |
| James King | ||
| +44 20 7598 5368 |