
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Cenit AG | TG:CSH | Tradegate | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.20 | -2.29% | 8.55 | 8.45 | 8.65 | 8.85 | 8.25 | 8.85 | 2,415 | 22:50:02 |
RNS Number:8440I NewMedia SPARK PLC 18 March 2003 NewMedia SPARK plc ("Spark") announces that following recent discussions it has become apparent that any bid for Spark by Collins Stewart Holdings plc ("Collins Stewart") would not be at a level which the Board of Spark would feel able to recommend to Spark shareholders. Consequently, it has been mutually agreed that discussions should be terminated. Spark also confirms that there are currently no other discussions taking place concerning an offer. Spark's German subsidiary Spuetz AG last week sold its entire residual shareholding in Collins Stewart for a consideration of approximately #11m. When added to the #11m cash proceeds from Spuetz's earlier acceptance of the cash element of Collins Stewart's bid for Tullett plc (in which Spuetz held an 11% stake), this means that the Spark Group's cash balances have now risen substantially from the #31.4m shown in its September interim balance sheet. Spark remains confident in the longer-term potential of its venture capital portfolio, justified by several recent contract wins by portfolio companies. Despite difficult market conditions, Spark will continue to work to maximize this potential. Following the cessation of talks with Collins Stewart, Spark will also work to overcome the technical obstacles to buying back its own shares which were referred to in Spark's recent interim results announcement. The Board of Spark continues to believe that the implementation of a share buy-back programme would be a prudent and sensible use of part of the Spark Group's substantial cash balances if the Spark share price remains at a substantial discount to net asset value per share. This information is provided by RNS The company news service from the London Stock Exchange END OTTJRMPTMMMBBAJ
1 Year Cenit Chart |
1 Month Cenit 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