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RGM Regency Mines Plc

0.90
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Regency Mines Plc LSE:RGM London Ordinary Share GB00BKM69866 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.90 0.85 0.95 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Regency Mines PLC Partial sale of investment (5028P)

31/08/2017 5:09pm

UK Regulatory


Regency Mines (LSE:RGM)
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TIDMRGM

RNS Number : 5028P

Regency Mines PLC

31 August 2017

Regency Mines Plc

("Regency" or "the Company")

Partial Sale of Investment

31 August 2017

Further to the announcement of 24 August 2017, Regency Mines Plc, the natural resource company with interests in oil and mineral exploration, announces that it has sold 4,535,704 shares in UK Oil and Gas Investments PLC ("UKOG") for a consideration of GBP325,064.14.

The acquisition cost of the sold shares under the agreement announced on 10 July 2017 was GBP70,144.87.

Following the sale, Regency retains a position of 12,826,158 UKOG shares.

Company Chairman Andrew Bell comments: "It was prudent for us to sell promptly some of our shares in UKOG, and in selling 26% of the holding we have recouped a sum greater than the cost of the whole holding, which was GBP268,502. The funds realised will enable us to fulfil our stated intention of increasing our holdings in Curzon Energy plc at IPO."

For further information contact:

Andrew Bell 0207 747 9960 Chairman Regency Mines Plc

Scott Kaintz 0207 747 9960 Executive Director Regency Mines Plc

   Roland Cornish/Rosalind Hill Abrahams 0207 628 3396      NOMAD Beaumont Cornish Limited 

Neil Badger 0129 351 7744 Broker Dowgate Capital Stockbrokers Ltd.

This information is provided by RNS

The company news service from the London Stock Exchange

END

DISSDWFMFFWSESA

(END) Dow Jones Newswires

August 31, 2017 12:09 ET (16:09 GMT)

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