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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Whiting Petroleum Corp | NYSE:WLL | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 68.03 | 0 | 01:00:00 |
RNS Number:3645J Willington PLC 28 March 2003 WILLINGTON plc Acquisition of Minority Interest in IBL Willington plc is pleased to announce that it has, on 25 March 2003, completed the acquisition of the 20 per cent outstanding minority equity interest in its subsidiary company, International Bulk Liquids (Storage and Transport) Limited ("IBL"). The consideration for the acquisition is #700,000 in cash of which #400,000 was paid to the vendor, J H Whitaker (Holdings) Ltd, on completion, with a further #300,000 payable (without interest) on 30 April 2005. The business of IBL and its subsidiary London Container Services Limited together constitute the Willington storage division. The profit before taxation of the storage division for the year to 31 December 2001 was #270,000 on turnover of #7.5 million and for the half-year to 30 June 2002, profit before taxation was #60,000 . At that date, the net assets of the storage division were #6.6 million. The effect of this transaction will be to eliminate all minority interests in the net assets of the Willington group, which minority interests amounted to #1.5 million at 30 June 2002. As a result of the acquisition there will be a saving in group costs to the extent that amounts previously paid to the minority, such as dividends, will remain within the group for utilisation. Enquiries Vincent Troy, Managing Director 020 7419 0100 This information is provided by RNS The company news service from the London Stock Exchange END ACQEVLFLXXBXBBV
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