Public Service Properties Investments Limited (“PSPI” or the "Company"), formerly a specialist real estate investment and financing company is organised under the laws of the British Virgin Islands. Its shares are traded on the AIM market of the London Stock Exchange.
On 7 July 2016 the Company announced that, as a result of the sale of its remaining properties which was announced on 10 March 2016 and completed on 22 April 2016, and which constituted a fundamental change of business pursuant to Rule 15 and Note 5.6 for Investing Companies of the AIM Rules for Companies, the Company has 12 months from that date to implement its investing policy, failing which trading in the Company’s shares on AIM will be suspended.
The Company's share capital now comprises 227,655 ordinary shares of $0.01 each in issue and admitted to trading on AIM under the new ISIN VGG729641511.
While the Company expects that it will be able to complete a final return of capital before the end of the first quarter of 2017, it is exploring ways in which it can accelerate this process.