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The information contained in each press release posted on this site was factually accurate on the date it was issued. While these press releases and other materials remain on the Company's website, the Company assumes no duty to update the information to reflect subsequent developments. Consequently, readers of the press releases and other materials should not rely upon the information as current or accurate after their issuance dates.

Summary of the Restructuring ProposalsFurther to the announcement of 8 December 2010, the Board is pleased to announce that it has conditionally entered into agreements to undertake a financial restructuring of the Company by seeking to raise US$20.0 million, before expenses, via the issue of 268,395,302 New Ordinary Shares to Ovaro, a Company indirectly beneficially 75 per cent. owned by Oleg Salmin and indirectly owned 25 per cent. by Reachcom, a wholly owned subsidiary of Renaissance Group ...
Further to the announcements of 1 November 2010 and 23 November 2010, the Company wishes to announce that, on 6 December 2010, the Group entered into sale and purchase agreements and ancillary documentation (the “SPAs”) with Dorvell Investments Limited (“Dorvell”), an entity in receipt of debt financing from Renaissance Capital Group (“Renaissance”), to sell the Group’s interest in Elite Service LLC and Piaty Element LLC (together, the ...
XXI Century announces the results of the meeting of the holders (the “Noteholders”) of the outstanding U.S.$175,000,000 Variable Rate Guaranteed Secured Notes due 2010/2014 (the “Notes”), held earlier today at the offices of Baker & McKenzie LLP, 100 New Bridge Street, London, EC4V 6JA at 10.00 a.m. (London time) (the “Adjourned Noteholder Meeting”), which had been adjourned on 23 November 2010 due to lack of quorum. This meeting was convened to approve ...
XXI Century announces the results of the meeting of the holders of the outstanding U.S.$175,000,000 Variable Rate Guaranteed Secured Notes due 2010/2014 (the “Noteholders”) (the “Notes”), held earlier today at the offices of Baker & McKenzie LLP, 100 New Bridge Street, London, EC4V 6JA at 10.00 a.m. (London time) (the “Noteholder Meeting”), to approve the extraordinary resolution (the “Extraordinary Resolution”) to, inter alia, reschedule ...
XXI Century (AIM: XXIC) today announces that the Company, pursuant to the terms and conditions of the US$175 million variable rate guaranteed secured notes due 2010/2014, as amended by the Supplemental Trust Deed, dated 8 July 2009, (the Notes), has elected to capitalise the interest payment due in respect of the period from 24 May 2010 to 23 November 2010, amounting to US$15,496,827.16, which would otherwise have fallen due on 24 November 2010. Following this capitalisation of interest, the ...
The board of directors of XXI Century (AIM: XXIC) (the “Board”) announces the following update. Corporate Update As previously announced, the Company is currently in discussions with a number of potential investors with respect to a recapitalisation transaction. The Company is pleased to confirm that it is in an advanced stage of negotiations with one party, but emphasises that there is no certainty that such negotiations will result in a successful agreement, or that the terms and ...
Further to the announcement of 16 June 2010, relating to the temporary suspension of the Company\'s shares from trading on AIM, the Company expects that publication of its interim financial statements for the 6 months ending 30 June 2010 will be delayed until after the release of the Company\'s audited annual accounts, for the 12 months ending 31 December 2009.   In the meantime, the Company continues to experience significant working capital constraints and, accordingly, ...
Further to the announcements of 1 June 2010, 30 March 2010 and 16 December 2009, the Company wishes to report that it is continuing its negotiations with local banks, regarding the restructuring of its secured credit facilities (the "Local Financing Negotiations") and is continuing its search for a strategic investor.    In the meantime, the Company continues to experience significant working capital constraints and, accordingly, is continuing to seek to sell certain ...
XXI Century (AIM: XXIC)announces the following trading update: Debt restructuring and search for strategic investor Further to the announcement of 16 December 2009, the Company confirms that it is continuing its negotiations with local banks regarding the restructuring of its secured credit facilities. Further to the announcement of 30 March 2009, the Company continues its search for a strategic investor, inasmuch as the current financial condition of the Company precludes ...
XXI Century (AIM: XXIC), one of Ukraine's leading real estate investment, development and property management companies, today announces that the Company's Annual General Meeting (the "AGM") will be held at the Company's registered office located at 5 Themistokli Dervi, Elenion Building, 2nd Floor, Nicosia, Cyprus at 12:00 noon on Friday, 4 June 2010.   The notice of AGM will be posted to shareholders today and can be accessed on the Company's website: ...


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