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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


March 24, 2014 - London

Press Release
March 24, 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. Styrelsen har den 28 februari 2014 beslutat att teckningsperioden ska förlängas till och med 7 mars 2014.  Vidare har styrelsen den 7 mars beslutat att teckningsperioden ska förlängas till och med 14 mars 2014. Därutöver har styrelsen den 14 mars beslutat att teckningsperioden ska förlängas till och med 21 mars 2014.
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. The Board of Directors has on 28 February 2014 resolved that the subscription period shall be extended to not later than 7 March 2014. Further, the Board of Directors has on 7 March 2014 resolved that the subscription period shall be extended to not later than 14 March 2014. In addition, the Board of Directors has on 14 March 2014 resolved that the subscription period shall be extended to not later than 21 March 2014.

Eftersom den tid som krävs för tillskjutandet av apportegendomen har visat sig vara längre än förväntat, har styrelsen den 21 mars 2014 beslutat att teckningsperioden ska förlängas till och med 28 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 21 March 2014 resolved that the subscription period shall be extended to not later than 28 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 24, 2014 (.pdf file)



This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Russian Real Estate Investment Company via Globenewswire

HUG#1771106

GlobeNewswire

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