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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Rasmala | LSE:RMA | London | Ordinary Share | GB00BNG83T81 | ORD 50P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 135.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
TIDMRMA
RNS Number : 9098C
Rasmala PLC
21 April 2017
Rasmala plc
('Rasmala' or 'the Company')
Further acquisition of interest in Rasmala Holdings Limited
Rasmala is pleased to announce that it has agreed to acquire a further interest in the capital of its subsidiary Rasmala Holdings Limited ("RHL") from minority shareholders. As a result of these acquisitions Rasmala's total shareholding in RHL will increase from approximately 76.3% to approximately 90%.
Total consideration for the 28,943,956 ordinary shares in RHL being acquired is approximately US $6 million.
During the financial year ending on 31 December 2015, RHL generated profits before tax from continuing operations of US$2.6 million.
Zak Hydari, Chief Executive Officer of Rasmala, commented: "We are delighted to have been able to increase our interest in RHL. It was always our objective to own 100% of RHL and this further acquisition will help us towards that target".
Enquiries:
Hot Features
Premium
Rasmala plc Tel: +44 (0)20 7847
9900
---------------------- ----------------------
Zak Hydari, CEO
---------------------- ----------------------
Stockdale Securities Tel: +44 (0)20 7601
6100
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Antonio Bossi / David
Coaten
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This information is provided by RNS
The company news service from the London Stock Exchange
END
ACQBUGDSIDDBGRG
(END) Dow Jones Newswires
April 21, 2017 02:00 ET (06:00 GMT)
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