TJI Tejoori

TIDMTJI

RNS Number : 6269S

Tejoori Limited

22 December 2016

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").

22 December 2016

Tejoori Limited

("Tejoori" or the "Company")

Completion of disposal of Arjan Plot

Further to the Company's announcement of 25 November 2016 in relation to the proposed disposal (the "Disposal") of one of the two Arjan plots of land (an "Arjan Plot" or, collectively, "the Arjan Plots") owned by Tejoori as part of its investment portfolio, the Board of Tejoori (AIM:TJI) is pleased to announce that the requisite final approvals from the Dubai Land Department ("DLD") have now been received and, as a result, net funds of approximately US$3.57 million from SRG Holding Limited ("SRG") in consideration for the Disposal have today been released to the Company by DLD. As set out in the Company's announcement of 25 November 2016, SRG's gross consideration in respect of the Disposal totalled approximately US$3.7 million.

Further details on the Disposal can be found in the announcements released by the Company on 5 October 2016, 10 October 2016 and 25 November 2016.

For further information:

 
 Tejoori Limited            Tel: +971 4 2839316 
 Abdullah Lootah, CEO       ceo@tejooriltd.ae 
 
 Allenby Capital Limited    Tel: +44 (0)203 328 5656 
  (Nominated Adviser and 
  Broker) 
 Nick Athanas/James Reeve 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

DISUUSARNBAUUAA

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December 22, 2016 06:54 ET (11:54 GMT)

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