MCC Monchhichi

TIDMMCC

RNS Number : 2012X

Monchhichi plc

17 February 2017

 
 For immediate release   17 February 2017 
 

Monchhichi Plc

('Monchhichi' or the 'Company')

Update on Calvet and increase in holding to 15.94 per cent

Calvet has today notified the Company that it has increased its shareholding to 7,000,081 shares, representing 15.94% of the Company's issued share capital. Furthermore Calvet has indicated to the Company that it is pleased with the Board changes, the adoption of the new investment policy and recent equity issuance. Accordingly Calvet has today notified the Board that its indicative proposals to the former Board in December 2016 have now been overtaken by events and it looks forward to the Company's successful implementation of its new bespoke investment plans.

- Ends -

 
 Enquiries:                                    Tel: +44 (0)20 7466 
  Monchhichi Plc                                              5000 
  Simon Fry, Executive Chairman                www.monchhichi.life 
 Panmure Gordon (Nominated                     Tel: +44 (0)20 7886 
  Adviser and Broker)                                         2500 
  Dominic Morley 
 Buchanan (Financial communications)           Tel: +44 (0)20 7466 
  Richard Oldworth / Henry Harrison-Topham                    5000 
  monchhichi@buchanan.uk.com                   www.buchanan.uk.com 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCGGUUPPUPMGGM

(END) Dow Jones Newswires

February 17, 2017 06:30 ET (11:30 GMT)

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