| Fri 30 Jul 2010, 10:00 | | MSP - Mas PLC - Results of the shareholders meeting |
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MSP
MSP
MSP - Mas PLC - Results of the shareholders meeting
MAS PLC
Previously Mergon Property Holdings Limited
(Incorporated in the Isle of Man)
(Registration number 2893V)
Share code: MSP
ISIN: IM00B4LFGH00
("MAS" "the Company" or "the Group")
RESULTS OF THE SHAREHOLDERS MEETING
Shareholders are advised that the requisite majority of shareholders approved
the resolution tabled at MAS PLC`s shareholders meeting held on Wednesday, 28
July 2010.
The resolution will be lodged with the Registrar of Companies for registration
in due course.
ACQUISITION OF NEW DEVELOPMENT
The Board of MAS Plc is pleased to announce the completion of an acquisition of
a student residential property development site in Birmingham, England. The
development is projected to be completed by September 2011 with a Gross
Development value of circa GBP4.1 million. The property is well located being
approximately 300 metres from the new university hospital and only half a mile
from the University of Birmingham itself.
Birmingham is the UK`s second largest student city, with three Universities
(Aston, Birmingham and Birmingham City) and two University Colleges (University
College Birmingham and Newman) home to over 60,000 higher education students.
There is a significant undersupply of well located, modern student
accommodation, making this development particularly attractive for the student
population. In addition, Birmingham is the second largest economy in the UK and
is a national hub for conferences, retail and events along with an established
high tech, research and development sector, supported by its three universities.
30 July 2010
Isle of Man
Sponsor
PSG Capital (Pty) Limited
Date: 30/07/2010 10:00:02 Produced by the JSE SENS Department.
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