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FABIAN ROMANIA LIMITED TO DE-LIST FROM LONDON STOCK EXCHANGE
Hamilton, Bermuda - 11 March, 2009 - Fabian Romania Limited (FABROPR.BH) has informed the Bermuda Stock Exchange (BSX) of its intent to de-list from the London Stock Exchange.
On 12 February 2009, Black Sea Global Properties Limited ("BSGP"), having become interested in more than 90 per cent. of Fabian Romania's issued share capital, announced that it would compulsorily acquire the Fabian Romania ordinary shares not already owned by it pursuant to the provisions set out in Part 18 of the Companies (Jersey) Law 1991. The compulsory acquisition procedure is expected to be completed on, or shortly after, 30 March 2009.
In light of the fact that BSGP will shortly own 100 per cent. of the Company's issued share capital, Fabian Romania announces that it has now made an application to the London Stock Exchange to cancel the admission to trading on AIM of its ordinary shares with effect from 7.00 a.m. on 8 April 2009.
Enquiries
Fabian Capital Limited - Investment Manager to Fabian Romania
Anthony Foster +44 (0)20 7499 9988
Black Sea Global Properties Limited
Obie Moore +41 787 390 238
Deloitte Corporate Finance - Nominated Adviser to Fabian Romania
Jonathan Hinton +44 (0)20 7936 3000
Shore Capital Stockbrokers Limited - Joint Broker to Fabian Romania
Dru Danford +44 (0)20 7408 4090
Monument PR - Public relations adviser to Fabian Romania
Toby Moore +44 (0)20 7953 3800