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EUC European Cobalt Limited

0.037
0.00 (0.00%)
21 Jul 2024 - Closed
Delayed by 20 minutes
Share Name Share Symbol Market Type
European Cobalt Limited ASX:EUC Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.037 0.037 0.039 0.00 01:00:00

Holding in European Colour

04/08/2003 5:48pm

UK Regulatory


RNS Number:3127O
Jarvis Porter Group PLC
04 August 2003


For immediate release

                                                                  4 August, 2003
                             JARVIS PORTER GROUP PLC

                       ("Jarvis Porter" or "the Company")

          Disposal of Holding in European Colour plc ("European Colour")

The Company announces that, on 4 August, 2003, it disposed of its entire holding
of 13,851,616 ordinary 5p shares in European Colour, representing 29.73 per
cent. of European Colour's issued ordinary share capital, at a price of 28.25p
per share.

As previously announced, the aggregate shareholding in European Colour was
acquired at various intervals between 21 February, 2003 and 1 May, 2003, at an
average book cost of approximately 20.52p per share, in the belief that it
represented a good investment opportunity. Accordingly, the aggregate proceeds
of #3.91 million are expected to give rise to a capital gain before disposal
costs of approximately #1.07 million.

Following the disposal, the Company no longer has an interest in the shares of
European Colour.

Enquiries:

Stephen Bannister      
Group Finance Director, Jarvis Porter      
Tel: 01724 291 205


                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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