Investors
Share Details
TIDM Code: ECDC
ISIN: GB00B1BJRB27
SEDOL: B1BJRB2
As at 19 April 2012, European Convergence Development Company plc had 90,515,470 Ordinary Shares in issue. There are no shares held as Treasury Shares nor are there any other securities in issue. European Convergence Development Company plc shares are not traded, or admitted to be traded on any exchanges or trading platforms other than AIM.
So far as the Company is aware, 10.93% of the Ordinary Shares are regarded as being "not in public hands" as defined within the AIM Rules for Companies issued in February 2007.
Significant and Substantial holdings of Ordinary Shares are as follows:
| Holder | Number of Ordinary Shares | % of Issued Capital |
|---|---|---|
| Charlemagne Global Opportunities Limited | 7,626,320 | 8.43% |
This information is current as at 19 April 2012 and will be updated at least every six months.
There are no restrictions imposed upon the transfer of the Shares of the Company.
European Convergence Development Company plc is an Isle of Man company established to take advantage of opportunities that exist in the property markets of South-East Europe. The Company invests in a range of early stage developments which may comprise any or all of the following sectors in South-East Europe: residential, retail, commercial and industrial property.
Property Valuation Policy
Given the difficulty in valuing development projects during construction, the Company holds each project at the lower of cost and net realisable value until development completion. Should the property remain unsold twelve months after development completion, the Directors intend to appoint an internationally recognised firm of surveyors as property valuers to conduct annual valuations as long as such properties are held by the Company.
Net Asset Value Calculation
The net asset value of the Company is calculated as at the close of business on the last Business Day of March, June, September and December each year and is published in the audited annual accounts and the interim accounts of the Company.
Financial Information and Reports
The Company's financial year end is 31 December in each year. The audited annual accounts will be sent to shareholders within six months of the year end to which they relate. Half year or interim reports will be sent to shareholders within three months of the relevant financial period end to which they relate. Historical reports can be sourced from the Reports page.