31 March 2017
ETAIREIA INVESTMENTS PLC
(Etaireia" or the "Company")
Acquisition of Commercial Property Investment
The Directors of Etaireia are pleased to announce that the Company has completed the acquisition of 100% of the share capital of Girvan Dev Limited, a single purpose company that owns a freehold commercial property investment. The property at 89 Dalrymple Street, Girvan, KA26 9BS has been recently valued by at £60,000. A tenant has signed a 10-year full repairing lease, with an initial rental for the sum of £12,000 p.a. commencing 1st April 2017 with a 5 year review.
The purchase price of £60,000 has been satisfied by the issue of 25,000,000 new ordinary shares of 0.01p each, at a price of 0.1p per new ordinary share and £35,000 cash consideration. The cash consideration has been deferred for 12 months.
Following the issue of the new shares above, the issued share capital of the Company will increase to 1,864,616,621 ordinary shares of 0.01p each. The new ordinary shares shall rank pari passu wih the Company's existing ordinary shares.
The following parties have an interest of more than 3% in the shares of the Company:
| Number of Shares | % Total | |
| Castle Trust & Management Services Limited | 459,190,692 | 24.63% |
| Oliver Fattal | 333,076,923 | 17.86% |
| Mayer Management Limited | 145,000,000 | 7.78% |
| WB Nominees Limited | 120,860,000 | 6.48% |
| Baron Bloom | 115,000,000 | 6.17% |
| JIM Nominees Limited | 113,094,467 | 6.07% |
| SVS (Nominees) Limited | 80,696,000 | 4.33% |
| Redmayne (Nominees) Limited | 60,398,400 | 3.24% |
| Ronald William Dougall | 58,000,000 | 3.11% |
Shareholders may use the above figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Disclosure and Transparency Rules.
The 25,000,000 new ordinary shares will be admitted to trading on NEX Exchange Growth Market today, 31 March 2017
The Directors of the Company accept responsibility for this announcement.
ENDS
Enquiries:
Etaireia Investments Plc
Tel: 079 1756 5565
Baron Bloom, Chairman
NEX EXCHANGE CORPORATE ADVISER:
Alexander David Securities Limited
David Scott - Corporate Finance
James Dewhurst - Institutional Sales
Telephone: +44 (0) 20 7448 9820
http://www.ad-securities.com 49 Queen Victoria Street, London EC4N 4SA