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Notice of disposal and acquisition of interest in shares
XXI Century Investments Public Limited
("XXI Century" or the "Company")

 
The Company has been notified today that Bremille Investments Limited (“Bremille” which is indirectly beneficially owned by Mr Oleg Salmin CEO and Interim Chairman of the Company) has agreed to sell 4,000 ordinary shares (50 per cent of the issued share capital) in Ovaro Holding Limited (“Ovaro”) for approximately US$10.3 million to DCH IMMO Limited (“DCH”), a company indirectly beneficially owned by Mr Aleksander Yaroslavskyy (the “Transaction”). The Transaction is subject to a number of conditions precedent.
 
Completion of the Transaction is expected to take place on or around March 20, 2012.
 
The Company also notes that as a result of the term loan restructurings announced on 3 August, 2011 the Company owes US$4 million to Grenheim Investments Limited (“Grenheim”). Grenheim is 100 per cent controlled by DCH.
 
Ovaro currently holds 268,395,302 ordinary shares (approximately 60.1 per cent of the issued share capital) in XXI Century. Following the Transaction Mr. Yaroslavskyy and Mr Salmin will each control approximately 30.05 per cent. of the issued share capital of the Company through Ovaro.  Ovaro’s overall shareholding in XXI Century remains unchanged at 60.1 per cent. 

A further announcement will be made in due course.
 
 
 
 
For further information, please contact:
 
XXI Century Investments Public Limited
 
+380 44 2000 457
 
 
Oleg Salmin, Chief Executive Officer and Interim Chairman
 
 
 
Shore Capital & Corporate Limited
 
 
 
+44 (0) 20 7408 4090
Anita Ghanekar                                                           
 
Toby Gibbs
 
Вартість акцій
1.88p 0.0 | 0.0%
XXIC on LSE
As at 01-10-2013
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