Name | Symbol | Market | Type |
---|---|---|---|
FT Vest S&P 500 Dividend Aristocrats Target Income ETF | AMEX:KNG | AMEX | Exchange Traded Fund |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.12 | 0.24% | 50.95 | 51.1393 | 50.83 | 50.93 | 452,387 | 01:00:00 |
RNS Number:4576R Kingsbridge Holdings PLC 29 October 2003 PRESS RELEASE 29 October 2003 Kingsbridge Holdings plc Sale of Business and Assets Introduction The Board of Kingsbridge Holdings plc ("Kingsbridge" or "the Company") announces that the Company has entered into a contract to sell the business carried on by its wholly owned subsidiary, Kingsbridge Advisors Limited ("Kingsbridge Advisors "), and certain other assets, to City Gate Argyll Limited ("City Gate Argyll"). Background The Company has previously announced its intention to become a quoted "shell" and on 26 September 2003 announced the disposal of Benson McGarvey Limited and its subsidiary Shakeit Limited, to pursue this strategy. Disposal of Kingsbridge Advisors The Company has today entered into a contract to sell the business of independent financial consultants and advisors carried on by Kingsbridge Advisors and the premises that the advisors occupy (together "the Business and Assets") to City Gate Argyll. The consideration, to be satisfied in cash, for the Business and Assets under the business purchase agreement, is as follows: * In the first twelve months following completion of the transaction, Kingsbridge Advisors will receive one-third of net commissions received by City Gate Argyll and #140,000 for the premises. * In the subsequent twelve-month period following completion of the transaction, Kingsbridge Advisors will receive one-half of net commissions received by City Gate Argyll. During the eleven months ended 31 July 2003, according to Kingsbridge Advisors management accounts, the Company made an aggregate operating loss of #1,687 and had net assets as at that date of #166,000. For the same period, the new commissions were #550,000. Following the disposal, Kingsbridge's business will be that of a quoted shell. The net proceeds of the disposal will be used to augment the Company's cash balances. As previously announced, the Board is considering various proposals to produce shareholder value and continues to pursue actively a number of these opportunities. -ends- This press announcement has been issued by Insinger de Beaufort on behalf of Kingsbridge Holdings plc Insinger de Beaufort is a subsidiary of Bank Insinger de Beaufort. Authorised and regulated by the Financial Services Authority Registered in England and Wales No. 2582230 This information is provided by RNS The company news service from the London Stock Exchange END MSCILFSRIDLAFIV
1 Year FT Vest S&P 500 Dividend... Chart |
1 Month FT Vest S&P 500 Dividend... Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions