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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:6266Q Nature Technology Solutions Limited 20 March 2008 Nature Technology Solutions Limited Termination of sale discussions involving the Group interests in Gibraltar Possible expansion of oil waste reception locations The Directors of Nature Technology Solutions Limited ("Nature" or the "Company") have agreed to terminate negotiations for the sale of its 50% interest in Slop Oil Reception and Treatment Ltd ("SORT"), a successful joint venture in Gibraltar built up over the last 5 years. This termination has been caused by the proposed ongoing shareholders being unable to agree future operating procedures rather than any failure in the due diligence process relating to the proposed $6m transaction. Meanwhile, SORT continues to trade according to management's expectations. In particular SORT is seeking to expand operations outside the immediate environs of Gibraltar to take advantage of the significant increase in the company's treatment capabilities and tank storage (from 1000 tonnes to over 6000 tonnes in the last two years). To this end, SORT is exploring opportunities to establish satellite operations linked to the facilities in Gibraltar. With its internal investment programme almost complete, SORT paid its maiden dividends to shareholders in 2007 and it is expected that the joint venture will continue to be a significant contributor to Group cash flow. After some years of considerable endeavour to establish other Nature treatment locations in Europe, the Middle East and elsewhere, the Directors believe that 2008 will create opportunities for at least one new potential operating base by the end of the year. The deployment of equipment in Norway to commence treatment offshore also continues to be a priority for the Group. As announced on 5th February 2008, the results of the Company for the year ended 31st December 2007 will reflect its increased activity in 2007 and are expected to show an improvement in profitability over last year. For further information, please contact: Nature Technology Solutions Limited Richard Eldridge, CEO Tel: 01841 533 611 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 MSCBLGDXSDDGGIG
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