Safeland PLC
18 September 2007
SAFELAND PLC
Safeland plc ('Safeland'), the fund management, property trading and investment
company, today held its Annual General Meeting at 10:00am at 94-96 Great North
Road, London N2 0NL. All resolutions were passed unanimously.
Before the formal proceedings of the AGM, Raymond Lipman, Chairman of Safeland
plc, made the following statement to shareholders:
'We were very pleased to announce this month that Safeland Active Management,
the Jersey unit trust to which Safeland plc is UK property manager, had raised
further funds to increase the Fund's leveraged investment capability to circa
£200 million.
'Safeland is responsible for identifying investment opportunities and for
managing the properties which are acquired and to date, £47 million has already
been invested in properties, all of which trade under the brand name 'Flexspace'
offering space, typically to small businesses, on short term renewable licences
for use as offices, studios, workshops and other light industrial workspace.
'This is an important step for Safeland plc as it not only gives us increased
revenue through our management fee and the potential to earn more through profit
share, but also firmly establishes our fund management business which should
give us a more predictable revenue stream going forward.'
For further information please contact:
Safeland plc Parkgreen Communications Ltd
Larry Lipman, Managing Director Paul McManus
Paul Davis, Finance Director Tel: 020 7851 7480
Tel: 020 8815 1600 Mob: 07980 541 893
www.safeland.co.uk paul.mcmanus@parkgreenmedia.com
This information is provided by RNS
The company news service from the London Stock Exchange