Bulgarian Land Development announced on Tuesday that it is considering cancelling its shares on the AIM stock exchange in London.
Bulgarian Land Development announced on Tuesday that it is considering cancelling its shares on the AIM stock exchange in London.
The commercial property development company said in conjunction with the possible delisting, it would make a tender offer to all shareholders at or around the current market price of the shares, which will be paid out from the company's cash resources.
'Should the de- listing proceed, the tender price would be at a premium to the current bid price of 26p per share. The tender would give smaller shareholders the opportunity to realise their investment in the company in full should they wish to do so,' the group said in a press release.
The Company will make a further announcement in due course once it has completed its deliberations.
