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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Inseego Corp | TG:INO | Tradegate | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0.00 | - |
Innobox Plc (the "Company") Part disposal of investment in AeroBox Plc 23 January 2004 The Company announces that yesterday it sold 1,000,000 out of the 4,500,002 ordinary shares that it holds in AeroBox Plc ("AeroBox"). The shares were sold at 34.25 pence per share representing a profit of 14.25 pence per share based on the 20 pence placing price of the AeroBox shares at the time of its flotation, and a total profit of £142,500 less tax and commission costs. This profit will be reflected in the financial statements for the Company for the year ending 30 April 2004. In the financial statements for the year ended 30 April 2003, the Company recognised a profit of £661,878 on the sale of its investment in Aerospace Composite Structures LLC ("ACS"). The total profit to date on this investment is therefore now in excess of £800,000. The remaining shares held in AeroBox have a value of £1,207,501 based on the current mid price of 34.5p. The proceeds from this transaction will be used to fund further acquisitions in the licensed trade sector. Enquiries: Arthur Baker 07850 276928 Chairman, Innobox Plc arthurb@inntotal.co.uk Philip Johnson 0161 214 6540 Brown, Shipley & Co. Limited philip.johnson@brownshipley.co.uk END
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