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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Stone Resources Limited | TSXV:SRH | TSX Venture | Common Stock |
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 | - |
RNS Number:3567U EMAP PLC 16 January 2004 EMAP PLC ACQUISITION OF SHARES IN SCOTTISH RADIO HOLDINGS PLC Emap plc ("Emap") announces that it has today acquired SMG plc's stake in Scottish Radio Holdings plc ("SRH") amounting to 9,729,361 shares representing 27.8% of the issued share capital of SRH, at a price of 930 pence per share. This amounts to a total consideration of #90.5 million, which has been paid in cash. Emap has no intention to make or participate in an offer for the outstanding shares in SRH except that it reserves the right to reconsider this in the event that (i) there is an announcement by a third party of a firm intention to make an offer for SRH; or (ii) a third party acquires a stake of 20% or more in the issued share capital of SRH. Gary Hughes, Group Finance Director of Emap plc, said: "We believe that there will be opportunities for consolidation within the UK radio sector now that the Communications Bill has been enacted. Against this background, we regard the stake in SRH as an attractive strategic asset." ENQUIRIES: EMAP PLC 020 7278 1452 Gary Hughes, Group Finance Director Miranda Acland, Group Communications Director LAZARD & CO., LIMITED 020 7187 2000 Nicholas Shott This information is provided by RNS The company news service from the London Stock Exchange END ACQEAPFKFFFLEFE_SN_RNS3567U_SU_RNSTEST_XX_181619.2177_RZ__RT_R.xRoute.001 ~
1 Year Stone Resources Limited Chart |
1 Month Stone Resources Limited Chart |
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