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Phoenix Spree Deutschland Limited (PSDL) announced on 17 August 2023 the completion of an Amended and Restated Property Advisory and Investor Relations Agreement. This agreement formalises new arrangements for fees payable to QSix Residential Limited, the company's property advisor. PSDL had put this proposal to Shareholders on 28 June 2023, which was subsequently approved by a large majority vote.
| Date | 17 Aug 2023 |
| Time | 16:23:20 |
| Category | Miscellaneous |
| ID | 6834J |
17 August 2023
Phoenix Spree Deutschland Limited
(the "Company" or "PSDL")
Completion of Amended and Restated Property Advisory and Investor Relations Agreement ("Amended PAIR")
Phoenix Spree Deutschland Limited (LSE: PSDL.LN), the UK listed investment company specialising in Berlin residential real estate, today announces the completion of the Amended PAIR.
On 28th June 2023, the Company put to Shareholders a proposal (the "Proposal") to amend the fees payable to QSix Residential Limited, the Company's property advisor, under the previous Property Advisory and Investor Relations Agreement.
Further to the large majority vote in favour of the Proposal, the completion of the Amended PAIR formalises these new arrangements.
Legal Entity Identifier: 213800OR6IIJPG98AG39
For Further Information, Please Contact:
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Phoenix Spree Deutschland Limited +44 (0) 20 3937 8760 |
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Stuart Young |
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Numis Securities Limited (Corporate Broker) +44 (0) 20 7260 1000 |
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David Benda |
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Teneo (Financial PR) +44 (0) 20 7353 4200 |
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Olivia Peters |
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Jo Blackshaw |