Update on preliminary approach from third party (6037X)

TIDMOCH

RNS Number : 6037X

Orchid Developments Group Ltd

17 February 2012

AIM: OCH

17 February 2012

Orchid Developments Group Ltd

("Orchid" or the "Company")

Update on preliminary approach from third party

Further to the announcement made on 14 February, Orchid, the specialist investor in the Bulgarian real estate and leisure market, confirms that the preliminary discussions with a third party did not lead to an indicative offer for the Company ("Offer") being made and that, therefore, the discussions regarding an Offer have now terminated.

 
Contacts: 
Orchid Developments 
 Guy Meyohas                  +35 92 981 9955 
Shore Capital and Corporate 
 Limited 
 Dru Danford / Bidhi Bhoma 
 / Toby Gibbs                 +44 20 7408 4090 
MHP Communications 
 Reg Hoare / Tim McCall 
 / Vicky Watkins              +44 20 3128 8100

This information is provided by RNS

The company news service from the London Stock Exchange

END

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