Monday, July 30, 2007

Lewis Charles Romania Property Fund to float on AIM on Aug 2

LONDON (Thomson Financial) - Lewis Charles Romania Property Fund Ltd said it intends to float on the Alternative Investment Market on Aug 2 with an anticipated market capitalisation of 27.41 mln stg.

The Channel Islands based closed-ended fund is seeking to raise about 27.41 mln stg at 140 pence per share.

The company said 42 pct of its shares will not be in public hands at admission.

The fund added that its investments will be limited to Romanian residential and commercial property.

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