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Name | Symbol | Market | Type |
---|---|---|---|
RYB Education Inc | NYSE:RYB | NYSE | Depository Receipt |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.6912 | 0 | 01:00:00 |
RNS Number:2523H Royalblue Group PLC 10 February 2003 royalblue Group plc ("royalblue") 10th February 2003 Touchpaper Limited ("Touchpaper") royalblue announces that Touchpaper, formerly the royalblue technologies business which was divested in July 2001 and in which royalblue retains an interest, has amended its articles of association. The articles of association previously stated that if Touchpaper was sold or listed, royalblue would have a prior call on proceeds to fully redeem its holding of the 17 million preference shares of #1 each in Touchpaper. The articles of association have been amended to reflect reduced valuations in the sector, such that in the event of a sale or listing of Touchpaper, the preference shares will be redeemed at a price per share as would result in the aggregate amount payable on the redemption of the preference shares equalling one third of the total price offered for, or attributable to, the existing ordinary shares on any sale or listing. The maximum aggregate redemption price of the preference shares remains at #17m plus accrued dividends. This change will have no effect on the way royallblue accounts for its investment in Touchpaper. In addition to its holding of the preference shares, royalblue has an interest of 19% in the ordinary share capital of Touchpaper together with a warrant to acquire up to a further 51% of the ordinary share capital at a nominal cost. The Board of royalblue believes this amendment is in the best interests of all royalblue and Touchpaper shareholders and accordingly has supported the amendment. END Enquiries: royalblue Group plc Tel: 01483 206 300 Chris Aspinwall, Chief Executive Andy Malpass, Finance Director John Hamer, Chairman This information is provided by RNS The company news service from the London Stock Exchange END MSCSSMFAWSDSEIE
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