TMCnet News
EPH Announces Changes in its Investment Policy(Thomson Reuters ONE Via Acquire Media NewsEdge) Eastern Property Holdings Limited (EPH) / EPH Announces Changes in its Investment Policy . Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement. 25 July 2014, Road Town, Tortola, BVI Changes in the Investment Policy of Eastern Property Holdings In order to be able to further diversify EPH's real estate portfolio, the Board of Directors of EPH today approved the amendment of the geographic focus in the Investment Policy of the Company. The following change has been made: * "The objective of Eastern Property Holdings (the "Company") is to invest directly, through subsidiaries, or via participation in other companies, in real estate in Russia, the CIS, and other formerly socialist countries or their successors in Central and Eastern Europe." has been changed to * The objective of Eastern Property Holdings (the "Company") is to invest directly, through subsidiaries, or via participation in other companies, in real estate in Russia, the CIS, and Europe." Further, EPH's Board of Directors approved a decrease in the limit amount for board approvals to USD 5 million. The amended investment policy of EPH is attached to this press release and will become effective 30 days from today. Eastern Property Holdings Ltd. is an SIX Swiss Exchange-listed real estate development and investment company focusing on Russia. The company holds interests in office, residential, retail and parking properties and developments, principally in Moscow and St. Petersburg. EPH is managed by Valartis International Ltd. a wholly-owned subsidiary of Valartis Group AG. Additional information on Eastern Property Holdings is available by contacting Anna Bernhart Tel: +41 43 336 8111. EPH Investment Policy amended 25 July 2014: http://hugin.info/139905/R/1838792/639561.pdf EPH_Changes in its Investment Policy: http://hugin.info/139905/R/1838792/639562.pdf This announcement is distributed by GlobeNewswire on behalf of GlobeNewswire clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Eastern Property Holdings Limited (EPH) via GlobeNewswire [HUG#1838792] |