Trinity Capital PLC Completion of Disposal of Investment (2064W)
10 Novembro 2017 - 11:58AM
UK Regulatory
TIDMTRC
RNS Number : 2064W
Trinity Capital PLC
10 November 2017
Trinity Capital PLC
Completion of Disposal of Investment
Trinity Capital PLC (the "Company") (AIM: TRC) is pleased to
announce that, following the announcements made on 25 August 2017,
22 September 2017 and 18 October 2017, Trinity Capital (Ten)
Limited ("TC-10") has today completed the sale to DB Realty Limited
("DB") of all of the compulsorily convertible preference shares
issued by DB (BKC) Realtors Private Limited ("CCPS") to TC-10 (the
"Transaction"). Under the Transaction, DB has paid to TC-10 GBP1.7
million, being the equivalent of INR 149.6 million. The Company's
wholly owned subsidiary, Trinity Capital Mauritius Limited
("TCML"), owns the entire economic interest in the CCPS.
In accordance with the Company's announcement made on 18 October
2017, given the completion of the Transaction, the Board has
cancelled with immediate effect the auction of TCML announced on 25
August 2017.
TC-10 is controlled by Immobilien Indien I GmbH & Co. KG and
Immobilien Indien II GmbH & Co. KG (together the "Immobilien
Funds"). Under the terms of an agreement between the Immobilien
Funds and the Company, TC-10 will pay the proceeds received from DB
to TCML. TCML will then remit those proceeds to the Company.
At 31 March 2017, the Company's holding in TC-10 was valued at
GBP1.7 million.
After the Company has received the funds from TCML, the Board
intends to convene a shareholder meeting to approve a final
distribution, cancel the admission to trading of the Company's
shares on AIM and appoint a liquidator of the Company.
Enquiries:
FIM Capital Limited
Graham Smith +44 1624 681250
Arden Partners
Nominated Adviser and Broker
+44 207 614
Chris Hardie 5900
This information is provided by RNS
The company news service from the London Stock Exchange
END
DISURVORBNAAAAA
(END) Dow Jones Newswires
November 10, 2017 08:58 ET (13:58 GMT)
Trikona Trinity Capital (LSE:TRC)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024
Trikona Trinity Capital (LSE:TRC)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024
Notícias em tempo-real sobre Trinity Capital da Bolsa de Valores de Londres bolsa de valores: 0 artigos recentes
Mais Notícias de Trinity Capital