Black Sea Property PLC Disposal of Property (6484G)

TIDMBSP

RNS Number : 6484G

Black Sea Property PLC

27 July 2021

BLACK SEA PROPERTY PLC

("Black Sea Property" or the "Company")

Disposal of Property and Further Extension of Reporting Deadline

Black Sea Property is pleased to announce the disposal of an investment property in Cyprus for cash consideration of approximately EUR1.06 million. The property was valued at EUR0.83 million when it was acquired by Black Sea Property in February 2020. The proceeds of the disposal will be used to repay debt and for general working capital purposes.

The Company also announces that Aquis Stock Exchange has granted a further extension for the publication of the Company's Report and Accounts for the year ended 31 December 2020. This extension has been granted pursuant to Rule 3.1(2) of the AQSE Growth Market Access Rulebook and the Company now expects to publish its Report and Accounts by 31 August 2021.

The Directors of the Company are responsible for the contents of this announcement.

For further information, please visit www.blackseapropertyplc.com or contact the following:

 
 BLACK SEA PROPERTY PLC          simon.hudd@d3ainvestments.com 
  Simon Hudd, Chairman 
 
   PETERHOUSE CAPITAL LIMITED 
   AQSE Corporate Adviser 
   Mark Anwyl                             +44 (0) 20 7469 0930

Market Abuse Regulation (MAR) Disclosure

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July 27, 2021 09:49 ET (13:49 GMT)

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