Companies@UA: База компаний Украины

Kyiv, July 28 (Interfax-Ukraine) – Cyprus-based Aisi Realty Public Limited, which was created in 2005 for investing into the real estate market of Ukraine and listed on the Alternative Investment Market (AIM) of the London Stock Exchange (LSE), plans to carry out a secondary public offering (SPO) of additionally issued shares worth $5.4 million.

The company reported on the AIM of the LSE that the placement of 222.082 million shares at 1.5 pence each would be considered by the company's shareholders at an extraordinary general meeting scheduled for August 9, 2009.

The additionally issued shares would amount to around 54% of the company's statutory fund.

The report says that the funds raised would be send to finish construction of the Terminal Brovary logistics complex located in Brovary (Kyiv region) and to cover a part of the company's operating expenses. The funds would not be allocated to pay bonuses to the company's management.

It is expected that the shares would be listed on the exchange from August 11. They would have the same rights as the existing shares, including the right to receive dividends.

The report says that from July 27, 2009 trading with Aisi Realty Public Limited's shares would be resumed on the exchange, as the company has published its financial report for 2008.

In addition the company's board decided to restructure the company's business, and Aisi Realty Public Limited would be reorganized into a holding company of the Ukrainian property development group.

As reported, trading with Aisi Realty Public Limited's shares was suspended on June 30, 2009.

In January 2009, the EBRD allocated a $34.4 million credit to Terminal Brovary LLC, a subsidiary of Aisi Realty Public Limited, to finance the construction of the Terminal Brovary A class logistics complex.

In July 2008, Aisi signed a preliminary agreement on the leasing of 49,180 square meters of space in Terminal Brovary with Kyiv-based UVK (Ukrainian Cargo Couriers).