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14 February 2012
Stockholm
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22 February 2012
London
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03-04 May 2012
Vienna, Austria
AIM's SEE investor Dolphin launches assets-for-shares program
SEE residential resort investor Dolphin Capital Investors, listed on London's AIM, is planning to offer shareholders the right to exchange shares for certain real estate assets that are valued at end-2008 at double the applicable market price of the stock. The program is expected to run for four months from 1 May, and full details will be published on 15 April. The purpose is to provide an exit for shareholders, generate interest from new shareholders and boost net asset value per share. The program has no cash cost to the company and only relates to non-core building plots, homes inventory and land.