Part disposals of investment
12 Agosto 2005 - 4:02AM
UK Regulatory
Innobox Plc (the "Company")
12 August 2005
Part Disposals of Investment
The Company announces that it made the following disposals of ordinary shares
in AeroBox Plc ("AeroBox") on 11 August 2005:
- 100,000 shares at 9.500 pence per share
- 100,000 shares at 9.400 pence per share
- 100,000 shares at 9.366 pence per share
- 100,000 shares at 9.125 pence per share
- 100,000 shares at 9.080 pence per share
In the Company's report and accounts for the year ended 30 April 2004, the
Company's shareholding in AeroBox was valued at 20 pence per share. Therefore,
these disposals represent a total loss on disposal of �53,529.00. Following
these disposals, the Company holds 1,410,002 ordinary shares in AeroBox.
The funds raised from the disposal will be used to further develop the
Company's strategy in the hotels and licensed premises sector.
Enquiries:
Russell Stevens 07860 562621
Chief Executive, Innobox Plc russell@innobox.co.uk
David Simmons 0161 838 9140
Westhouse Securities LLP david.simmons@westhousesecurities.com
END
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