- Secure Property Development and Investment said it had signed two formal agreements to transfer ownership of property assets in Bulgaria and Ukraine to Arcona Property Fund.

In exchange, the company would receive around 630k Arcona shares, plus around 190k warrants.

The assets had a gross value of €15.3m at the time of Secure Property Development and Investment's 2018 annual results.

Their sale represents the first of an intended three-stage process to transfer all of the company's property portfolio to Arcona, excluding its Greek logistics properties.

At 8:17am: [LON:SPDI] Secure Property Development Investment Plc share price was 0p at 9p

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