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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Fibria Celulose S.A. | NYSE:FBR | NYSE | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 17.01 | 0.00 | 01:00:00 |
RNS Number:3374P London Town PLC 03 September 2003 Wednesday 3 September 2003 LONDON TOWN plc ("London Town" or "the Company") SALE OF INVESTMENT IN WANDSWORTH JOINT VENTURE COMPANY London Town, the AIM listed residential property development manager, announces that on 3 September 2003, the Company completed the disposal of its 5% interest in Wandsworth Riverside Quarter Limited, the company responsible for the development at Wandsworth London SW18 of 422 residential units including 107 affordable units and 150,000 sq.ft of commercial space for a consideration of #894,737, which was the agreed cost of the investment in shares and loan stock. The project management agreement relating to this joint venture has also been terminated with a final management fee payable to Jonathan Alexander Limited (a wholly owned subsidiary of London Town) of #580,000. Accordingly, the Company will no longer have any involvement with the Wandsworth Riverside Quarter development. The purchasers are the other two existing principal partners in the #150m value Wandsworth project, specialist residential developer FairBriar PLC and CPL (UK) Pte.Ltd, a company incorporated in Singapore. These two companies will now control 50% each of Wandsworth Riverside Quarter Limited This disposal is in line with the group's policy of disposing of peripheral and other investments set out in the Company's annual report for the year ended 31 December 2002 END This information is provided by RNS The company news service from the London Stock Exchange END DISSSFFEDSDSESU_SN_RNS3374P_SU_RNSTEST_XX_120535.6128_RZ__RT_R.xRoute.001 ~
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