Significant Shareholding Notification: Storm Real Estate AS stake in Eastern Property Holdings below 5%
Eastern Property Holdings Limited (EPH) /
Significant Shareholding Notification: Storm Real Estate AS stake in Eastern
Property Holdings below 5%
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Eastern Property Holdings (the "Company") has been notified that as of the
close of business on 28 June 2012, the stake in the Company held by Storm Real
Estate AS through its subsidiary Tiberton Yard Ltd. has been reduced to below
5%.
Pursuant to Article 7.6 of the Articles of Association of the Company, as
amended at the 2011 Annual Shareholders Meeting on 21 June 2011, "A shareholder
must notify the Company of the percentage of its shares outstanding he holds,
directly or indirectly, if such aggregate ownership reaches, exceeds or falls
below 3%, 5%, 10%, 15%, 20%, 25%, 33%, 50% or 66% as a result of an acquisition
or disposal of shares or any other form of financial instrument or derivative
which results in an entitlement to acquire, on such Shareholder's own initiative
alone, shares of the Company."
The reporting levels are based on the total 5,338,132 shares in issue.
The Memorandum and Articles of Association of Eastern Property Holdings are
available on the Company website: www.easternpropertyholdings.com
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Eastern Property Holdings Ltd. is an SIX Swiss Exchange-listed real estate
development 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 Terry Olin, Tel: +41 22 716 1035.
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Source: Eastern Property Holdings Limited (EPH) via Thomson Reuters ONE
[HUG#1623153]
