Eastern European Property Mulls Delisting From AIM For Cost Saving

LONDON (Alliance News) – Eastern European Property Fund Ltd said on Thursday it plans to discuss with shareholders potential cost savings through delisting from AIM, as it continues to make progress on disposing of its remaining key property asset.

Shares in the investment company were untraded on Thursday, last quoted at 39.50 pence.

The fund said it was aware of its ongoing operating costs relating to progressing the disposal of the asset, and wished to consult with its shareholders on the sale strategy, which includes finding an anchor tenant for the property in the short term to facilitate a more attractive disposal in the medium-term.

By Dayo Laniyan; [email protected]

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