SPDI owned a 65% share of Delia Lebada of which the attributable sale proceeds are approximately 2.5m. Simultaneously, SPDI has also settled the associated property loan with the Bank of Cyprus totalling more than 6.5m through a liquidation process, whereby SPDI repaid the loan at a rate of 45 cents / Euro (totalling 3m) using a combination of the Land Disposal proceeds (2.5m) and an additional payment of 550,000.