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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Ludwig Beck AG | TG:ECK | Tradegate | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.40 | 2.92% | 14.10 | 13.60 | 14.60 | 14.30 | 13.60 | 13.90 | 653 | 22:50:02 |
RNS Number:6875T Eckoh Technologies PLC 29 December 2003 For Immediate Release 29th December 2003 Sale of Investment in Rivals Digital Media Eckoh Technologies plc ("Eckoh") today announces that it has agreed to sell its 40% equity investment in Rivals Digital Media Limited ("Rivals") as part of a sale of the entire share capital of Rivals to ukbetting plc. Eckoh will receive consideration totaling #700,000, payable half in cash and half in ukbetting plc shares. In addition, potential loan commitments from Eckoh totaling #250,000 have been cancelled. Last year Eckoh wrote down its investment in Rivals to zero, and will therefore report an exceptional gain from the sale in this year's financial statements. Rivals is the producer, publisher and distributor of sports content across digital platforms, particularly the internet and mobile phones. Rivals reported a loss for the year to 31st August 2003 of #1.12 million (2002: #1.69 million loss) on a turnover of #3.70 million (2002: #2.33 million). Net assets at 31st August were #3,000. Martin Turner, Chief Executive Officer of Eckoh, commented: "This sale completes our exit from internet content provision. The Rivals management team have done an excellent job over the past two years, and we wish them and ukbetting the very best of luck in the future." For further enquiries, please contact Eckoh Technologies plc Tel: 08701 100 700 Martin Turner, Chief Executive Officer Buchanan Communications Tel: 020 7466 5000 Mark Edwards/Jeremy Garcia This information is provided by RNS The company news service from the London Stock Exchange END DISPUGUAPUPWGUB
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