The principal activities of the Company is that of investing in the development of its existing real estate properties in Ukraine. On 17 February 2014 an Extraordinary Meeting of Shareholders approved a new Investing Policy as defined by the AIM Rules for Companies. Under this revised policy the Board will seek to realise the Company’s Properties in an orderly manner, such realisations to be effected at such times, on such terms and in such manner as the Board (in its absolute discretion) may determine.
The Company was incorporated in the Isle of Man under the provisions of the 1931 to 2004 Companies Acts on the 23rd February 2007 with a company number 119018C. Following the resolution of the Extraordinary Meeting of Shareholders passed on 17 February 2014 the Company was de-registered under the provisions of the 1931 to 2004 Companies Act and has re-registered under the provisions of the 2006 Companies Act on the 27th February 2014 with a company number 010832V. The Company’s registered office is 2nd Floor, St Mary’s Court, 20 Hill Street, Douglas, Isle of Man IM1 1EU and its principal place of business is Ukraine.