LONDON, UNITED KINGDOM — (Marketwire) — 11/08/12 — Today the boards of Global Green Cherry and Bulgarian Orchards confirmed details of an early return to investors, to be paid in January 2013.
Director of Global Green Cherry, Torben Soerensen stated:
“I am very happy to announce that our Farming Partner, Bulgarian Orchard OOD reports that the cherry project continues to make excellent progress. Land has been purchased and trees have been reserved. As a result of our rapid progress the Farming Partner will meet the guarantee as laid out in the Information Memorandum, 9 months early. Thus a return of 6%, following the first year of activity will be paid to all investors in January 2013.”
This return will be paid to all investors who are fully registered shareholders as of 31st December 2012.
Global Green Cherry was established as a landholding company in order to capitalise on the enormous profitability of cultivating cherries on a commercial scale. By utilising cutting edge cultivation techniques and new dwarfing rootstocks, Global Green Cherry and Bulgarian Orchards are positioning themselves as the leader in cutting edge commercial scale cherry production, resulting in yields more than double that of standard orchards.
Background:
Global Green Cherry is the result of extensive consultation with Global Green Capacity, a leading global development and consultancy company specialising in lucrative and socially responsible green investment projects in rapidly growing, emerging markets.
Contacts:
Global Green Cherry Plc
Torben Soerensen
Director
+44 (0)203 137 6920
+44 (0)203 137 6921 (FAX)