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Stock Quote (15 min delay)
| 0p | 0 | Vol: 0 |
Market Cap £ 0.00 m
30 | 01 | 2009
Update on Acquisition of Real Estate
On 18 December 2008 Sibir announced that at the General Meeting of the Company held that day all the resolutions in relation to real estate were adjourned as the major Russian shareholders in Sibir wished to further evaluate whether to proceed with these resolutions or not. Sibir can now confirm that the Company will not be acquiring any real estate assets from its former director Chalva Tchigirinski and the extent to which contracts have already been entered into these will be unwound.
A further announcement will be made, and a circular posted to shareholders, in due course. This is expected to be next week.