Treveria leaps on cash distribution announcement

Shares in German real estate investment company Treveria got a lift on Thursday when it announced a cash distribution of 3.25 euro cents per share.

The distribution will be financed from the distributable reserve, which was created by the cancellation of the share premium account in 2007, which had arisen on the placing of shares on AIM at the company's launch.

The share price rose 22.79% to €0.06 by 11:45 Thursday.

NR