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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Eur.Residual | LSE:ERII | London | Ordinary Share | GG00BNZB0D17 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 4.625 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMRECI TIDMRECP TIDMERII
RNS Number : 5256J
Real Estate Credit Inv. PCC Ltd
12 June 2014
12 June 2014
Real Estate Credit Investments PCC Limited (the "Company")
Market Announcement for ERII LN (the Cell shares)
The board of RECI is pleased to announce the sale of Magellan for EUR7.4 million, in line with its most recent valuation. Following the sale, the assets of the Cell are as follows:
ERII Cell Position Summary (in EUR million)
Number of Positions 4 Residual Income Portfolio Valuation (31 March 2014)(1) EUR2.3 million
ERII Cell Cash Summary (in EUR million)
Cash as at 12 June 2014(2) EUR9.1 million
1. This figure contains the Residual Income Positions remaining as at 12 June 2014, but at their pro forma dirty fair values per 31 March 2014.
2. The Cash balance reflects the cash settlement of the realised asset."
The Directors are considering how best to return the proceeds of the Magellan sale to shareholders, in the context of the overall objective of ERII's realisation.
For further information, please contact:
Public Relations: Henrietta Dehn +44 (0)20 3540 6455 Investor Relations: Nicole Von Westenholz +44 (0)20 7968 7482
This information is provided by RNS
The company news service from the London Stock Exchange
END
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