Company statement at AGM
2010年6月30日 - 3:00PM
RNSを含む英国規制内ニュース (英語)
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RNS Number : 4629O
Blackrock International Land PLC
30 June 2010
Blackrock International Land plc
Company statement at AGM
Blackrock International Land plc will hold its Annual General meeting today in
the D4 Berkeley Hotel at 11.00am.
There have been several significant developments in Blackrock and in the markets
in which it operates during the first half of 2010:
· Two disposals were concluded during the period - an industrial facility
at the Xerox complex in Dundalk and an office building in Milton Keynes -
generating cash of EUR6.75 million for the group.
· The remaining 50% of the Drum Estate in Edinburgh was acquired from the
administrator of Applecross Properties Limited on satisfactory terms.
· On the planning front, good progress continues to be made in relation to
several of the group's development properties, most notably in Scotland.
· At the operating income level, the group expects to achieve an improved
result for the first six months compared to the same period last year.
· The rate of decline in property valuations slowed dramatically in the
period and, reflecting this, the company anticipates that its net assets per
share at 30 June 2010 will be of the order of EUR0.09 compared to EUR0.1032 at last
year end.
· The company continues to engage in positive discussions with its
principal banker on its loan facilities.
The group continues to benefit from an extensive, well-diversified portfolio of
assets and the board remains focused on maximising income, reducing costs and
adding value wherever feasible with a view to placing the company in the best
position possible as market conditions improve.
Blackrock International Land plc
30 June 2010
For further information, please contact:
Debbie O'Brien, WHPR - Tel: +353-1-669-0030
This information is provided by RNS
The company news service from the London Stock Exchange
END
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