Last checked at 23 Dec 2009 17:31
23 December 2009
Speymill Deutsche Immobilien Company plc
("SDIC" or "the Company")
Director's dealing
The Company has been informed that on 23 December 2009 Jim Mellon, a non-executive director of the Company, purchased 10,000 ordinary shares in the capital of the Company at a price of EUR 0.275 per share.
Following the above transaction, Mr Mellon has an interest in 39,548,285 ordinary shares in SDIC, both directly as well as indirectly through his interests in Galloway Limited and Speymill plc, representing in aggregate 11.73% of the issued share capital in the Company. Mr Mellon is a director of and an indirect 44.8% shareholder of Speymill plc, of which Speymill Property Group Limited, the Company's manager, is a wholly owned subsidiary.
For more information, please visit http://www.speymilldeutsche.com or contact:
| Speymill Property Group Limited | +44 1624 640 860 |
| (Manager) | |
| Nigel Caine | |
| Nick Harris | |
| SMP Fund Services Limited | +44 1624 682 216 |
| (Administrator) | |
| Vincent Campbell | |
| Smith & Williamson Corporate Finance Limited | +44 20 7131 4000 |
| (Nominated Adviser) | |
| Azhic Basirov | |
| Siobhan Sergeant | |
| Fairfax I.S. PLC | +44 20 7598 5368 |
| (Brokers) | |
| James King | |
| Andrew Cox | |
| Tavistock Communications Limited | +44 20 7920 3150 |
| (Media & Investor Relations) | |
| Jeremy Carey | |
| Simon Hudson | |
| Gemma Bradley | |
Notes to Editors:
Speymill Deutsche Immobilien Company plc is a pan-German residential property investment company, which listed on the AIM market of the London Stock Exchange in March 2006, raising £170 million. In May 2007, SDIC raised a further €250 million through a C share placing. The Euro denominated fund aims to provide investors with an attractive level of income together with the prospect for long-term capital growth.
The German residential market is viewed as attractive to investors due to a number of factors including rising German economic activity and productivity, and the availability of assets at below replacement cost. Acquired properties should, through active management, also have the potential for increased rental rates and accordingly improved capital values and increased yield.
Speymill Property Group Limited is the appointed Manager of SDIC and, in conjunction with the Investment Adviser, Goal service GmbH, it identifies acquisition opportunities for the Company, which fit within its investment criteria.