Black Sea Property Plc

XE8

IM00BYQLTS50

Closed End Funds

Delayed Börse Stuttgart Other stock markets 02:23:40 2024-06-03 EDT			5-day change	1st Jan Change
0.003 ^EUR	0.00%		0.00%	0.00%

04-17	Black Sea Property to build two Balkan hotels with Nobu Hospitality	AN
2023	Black Sea Property Plc acquired 98.27% stake in Grand hotel Varna AD for ?28.1 million.	CI

Black Sea Property raises EUR4.4 million via notes issue

September 15, 2023 at 10:18 am

Black Sea Property PLC - property developer in Bulgaria - Raises an additional EUR4.4 million through issue of unsecured loan notes to "certain existing" shareholders. Says the proceeds have been used to pay a further tranche of the consideration for the EUR28 million majority stake acquisition of Grand Hotel Varna AD, owner of Bulgarian company GHV-Dolphins EAD which has three hotels and a beach marine resort on the Black Sea Coast, as announced in late July. Says the balance of the consideration, amounting to EUR15.5 million, is due by the end of October.

Current stock price: 0.01 pence

12-month change: No change

By Greg Rosenvinge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Black Sea Property Plc

Black Sea Property to build two Balkan hotels with Nobu Hospitality	04-17	AN
Black Sea Property Plc acquired 98.27% stake in Grand hotel Varna AD for ?28.1 million.	11-06	CI
Digital 9 dismisses call for strategic review	23-10-30	AN
EARNINGS: Eight Capital swings to profit; Savannah Energy loss widens	23-09-29	AN
Black Sea Property raises EUR4.4 million via notes issue	23-09-15	AN
Limitless Earth loss widens; Black Sea NAV rises	23-07-28	AN
Black Sea Property pays EUR28 million for Grand Hotel Varna	23-07-21	AN
Black Sea Property Plc agreed to acquire 98.27% stake in Grand hotel Varna AD for ?28 million.	23-07-20	CI

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Company Profile

Black Sea Property PLC is an Isle of Man-based company. The Company seeks to generate capital gains through the development, financing and sale of property in Bulgaria, including the prime areas of Bulgariaâs Black Sea coast, the ski resorts and the capital, Sofia. The Companyâs property investment includes the UniCredit Building, which is located on 1, Ivan Vazov Str. Sofia; Camping Gradina, which is on the southern part Bulgarian Black Sea Coast located between the towns of Chernomorets and Sozopol; Land Plots in Byala on the Black Sea Coast, which consists of 23 plots situated in Byala, which is a small town and seaside resort in Eastern Bulgaria, located on the picturesque Bulgarian Black Sea Coast in Varna Province, located between Varna and Burgas international airports. Its subsidiaries include BSPF (Property 2) Limited, BSPF (Property 3) Limited, BSPF (Property 4) Limited, BSPF (Property 5) Limited, BSPF (Property 6) Limited, BSPF Project 1 EAD and BSPF Super Borovetz EAD.

Sector

Closed End Funds

Calendar

2024-09-26 - Q2 2024 Earnings Release (Projected)

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Sector Closed End Funds

	1st Jan change	Capi.
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