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Share Name | Share Symbol | Market | Type |
---|---|---|---|
TAG Immobilien AG | TG:TEG | Tradegate | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.15 | 1.08% | 14.07 | 14.07 | 14.18 | 14.19 | 13.81 | 13.81 | 8,321 | 20:56:44 |
RNS Number:0537J Teather & Greenwood Holdings PLC 21 March 2003 TEATHER & GREENWOOD HOLDINGS PLC 21 MARCH 2003 TEATHER & GREENWOOD HOLDINGS PLC ("THE COMPANY") COMPLETION OF DISPOSAL OF PART OF TEATHER & GREENWOOD INVESTMENT MANAGEMENT ("TGIM") The Company is pleased to announce the completion today of the disposal of part of the investment management business, including 13 individuals, announced on 15 January 2003 (the "Disposal") to Prudential-Bache Limited, a subsidiary of Prudential Financial, Inc. (USA). The maximum total consideration for the Disposal, including a further element payable following the twelve-month anniversary of completion dependent upon revenues generated by client accounts being transferred in the Disposal, is #3,650,000. The cash consideration received today was #2,000,000. Additional amounts of #750,000 and #250,000 have been paid into escrow accounts and will be paid to the Company after 21 July 2003, subject to the satisfaction of certain conditions. Details of the escrow and other further consideration were set out in the announcement of 15 January 2003 and the circular to shareholders dated 4 February 2003. TGIM will continue to provide individual and IFA clients a tax efficient investment service (including an AIM and EIS portfolio service, film funds and childcare EIS companies and, most recently, Property Investments For Pensions plc), a VCT fund, open-ended investment companies, management for PEPs and ISAs, on-line trading and client trading (including contracts for difference). Enquiries: Teather & Greenwood Holdings plc 020 7426 9000 Ken Ford/Nick Stagg College Hill 020 7457 2020 Richard Pearson END This information is provided by RNS The company news service from the London Stock Exchange END DISNKDKQBBKDNNB
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