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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Nature Tech | LSE:NSO | London | Ordinary Share | JE00B3B5FZ40 | ORD 0.2P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 9.125 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:2763N Nature Technology Solutions Limited 05 February 2008 Nature Technology Solutions Limited ( Nature and "NSO" ) Extension of Letter of Intent with regard to the sale of Nature's interests in Gibraltar. Onshore trials with regard to possible North Sea deployment by the Nature Group of the containerised offshore rig waste treatment unit developed by Nature. Trading for the year ended 31st December 2007. Further to the announcement made on 28th November 2007, the Directors of Nature announce that completion of the intended transaction to sell its 50% interest in its Gibraltar based JV Slop Oil Reception and Treatment Limited (SORT) to a substantial Mediterranean based oil waste group will require an additional period of time. This is due principally to the requirement for certain documentation, such as the change to the site lease with the Government of Gibraltar, to be approved as well as the finalisation of documentation between the purchaser and the continuing JV partner. The Directors of Nature , after due enquiries , believe that there should be no material impediments to the conclusion of the transaction , with the majority of the Purchaser's due diligence now completed , and as such the Purchaser and Nature have accordingly signed a formal extension of the Letter of Intent for a maximum period of 6 weeks. As announced in the previous release Nature has undertaken a review with it's professional advisers as to the possible arrangements for a return of capital to shareholders enabling such return of funds to be free of tax in the recipients hands, subject to individual shareholders circumstances. A circular will be sent to shareholders in due course. Additionally the Norwegian operations of Nature in Stavanger have received specific wastes from a designated offshore rig, which enters a new operating contract at end April , and have carried out trials as to treatment of such wastes onshore last week. It is hoped this may lead to a first deployment of the Offshore Rig Unit ("OTU"). The Directors of Nature are also pleased to announce an improvement in trading for the year ended 31 December 2007. Preliminary results are expected to be released in May. *************************************** For further information, please contact: Nature Technology Solutions Limited Nigel Sandy, Director Tel: 01373 473995 Seymour Pierce Limited Jonathan Wright, Director Tel: 020 7107 8000 This information is provided by RNS The company news service from the London Stock Exchange END MSCILFLDFRISIIT
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