PANC Panceltica

    RNS Number : 5378C
  Panceltica Holdings Limited
  02 September 2008
   

    Immediate release                                                                                                    02 September 2008


    Panceltica Holdings Limited

    ("Panceltica" or the "Company")

    CHANGE IN SIGNIFICANT SHAREHOLDINGS

Panceltica (AIM: PANC) was today notified that on 02 September 2008 Barwa Real Estate Company (*Barwa*) transferred 15,120,000 ordinary
shares of no par value in the capital of the Company (*Ordinary Shares*) to Al-Imtiaz Investment Company(*Al-Imtiaz*).
 
Following this transaction Barwa remains interested in 17,640,000 Ordinary Shares representing approximately 7.46 per cent of the issued
ordinary share capital of the Company and Al-Imtiaz holds 15,120,000 Ordinary Shares representing approximately 6.40 per cent of the issued
ordinary share capital of the Company. 

Barwa is a 15% shareholder and strategic partner of Al-Imtiaz which in turn is a 1% shareholder in Barwa. Al-Imtiaz originally provided
Barwa with $25 million of finance to invest in Panceltica and the 15,120,000 ordinary shares are being transferred in respect of such
amount.
    


    For further information please contact:

    Panceltica Holdings Limited                                                Tel: +974 462 2252
    Paul Fraser, Chief Executive Officer
    William Fatherley, Chief Operating Officer

    Blomfield Corporate Finance Limited, Nominated Adviser       Tel: +44 (0)207 489 4500
    Toby Howell / Charlie Hill-Wood

    Hichens, Harrison & Co. plc, Broker                                    Tel: +44 (0)20 7382 4450
    Adam Wilson / Martin Lampshire

    Buchanan Communications                                                Tel: +44 (0) 20 7466 5000
    Mark Edwards / Jeremy Garcia






This information is provided by RNS
The company news service from the London Stock Exchange
 
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