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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Pires Investments Plc | LSE:PIRI | London | Ordinary Share | GB00BD07SH45 | ORD 0.25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.95 | 0.90 | 1.00 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Finance Services | 420k | -366k | -0.0020 | -475.00 | 173.81M |
TIDMPIRI
RNS Number : 2563L
Pires Investments PLC
30 September 2016
Pires Investments Plc
("Pires" or the "Company")
Rame Energy Plc Disposal
The directors of Pires note the Rame Energy Plc ("Rame") announcement made on 26th September 2016 in respect of the planned disposal of its interests in Seawind Holding SpA and its operating subsidiaries in Chile.
Although this disposal significantly reduces the value of the Company's investment in Rame, the directors of Pires continue to review opportunities for investment that will restore and enhance shareholder value. An update will be provided in due course.
The directors of Pires believe that the Company has sufficient working capital for its current needs following the facility announced on 28 July 2016.
Enquiries:
Pires Investments plc Tel: 0207 580 7576 Peter Redmond, Director Nominated Adviser Tel: 020 7148 7900 Cairn Financial Advisers LLP Liam Murray / Tony Rawlinson Broker Tel: 020 7469 0930 Peterhouse Corporate Finance Limited Duncan Vasey / Lucy Williams
This information is provided by RNS
The company news service from the London Stock Exchange
END
DISUKVVRNBAKUAR
(END) Dow Jones Newswires
September 30, 2016 02:00 ET (06:00 GMT)
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