The Board of Directors of Russian Real Estate Investment Company AB (publ) extends the subscription period of its new issue of share with payment in kind

GlobeNewswire Europe

Press Release
March 3, 2014

Styrelsen i Russian Real Estate Investment Company AB (publ) förlänger apportemissionens teckningsperiod
The Board of Directors of Russian Real Estate Investment Company AB (publ) extends the subscription period of its new issue of share with payment in kind

Den 27 februari 2014 har extra bolagsstämma tillika andra kontrollstämma avhållits i Russian Real Estate Investment Company AB (publ) ("Ruric" eller "Bolaget"). Beslut om apportemission av aktier fattades i enlighet med styrelsens förslag till apportemission. Enligt stämmobeslutet ska teckning av de nya aktierna ske senast 28 februari 2014. Stämman gav dock styrelsen rätt att förlänga teckningstiden.
On 27 February 2014, an extraordinary general meeting as well as second meeting for liquidation purposes has been held in Russian Real Estate Investment Company AB (publ) ("Ruric" or the "Company"). A resolution on a new issue of shares with payment in kind was taken in accordance with the Board of Directors proposal on a new issue of shares with payment in kind. In accordance with the resolution of the meeting, the new shares should be subscribed for not later than 28 February 2014. However, the meeting granted the Board of Directors a right to extend the subscription period.

Eftersom den tid som krävs för tillskjutandet av apportegendomen har visat sig vara längre än förväntat, har styrelsen den 28 februari 2014 beslutat att teckningsperioden ska förlängas till och med 7 mars 2014.
As the time necessary in order to contribute the assets to be paid in kind has turned out to be longer than expected, the Board of Directors has on 28 February 2014 resolved that the subscription period shall be extended to not later than 7 March 2014.

For additional information:

Tatiana Ottestig, CEO
Tel.: +7 (812) 309-78-95
E-mail: tottestig@ruric.com
Web:  www.ruric.com

About Ruric:

RURIC AB (Russian Real Estate Investment Company AB (publ) (reg. no. 556653-9705, Lindhagensgatan 94, SE-112 18 Stockholm)) is a public limited liability company incorporated under the laws of Sweden, operating in the St. Petersburg commercial real estate market since 2004.

The company is dealing with the investment projects coordination, local and national market approach consulting, valuation and property trust services. Real estate portfolio construction and management services are also included.

RURIC`s Certified Advisor at First North is Erik Penser Bankaktiebolag

Press Release - March 3, 2014 (.pdf file)



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Source: Russian Real Estate Investment Company via GlobeNewswire

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