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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Abraxus Inv. | LSE:AXU | London | Ordinary Share | GB0008463787 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 3.75 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:0604E Abraxus Investments PLC 05 June 2006 5 June 2006 Abraxus Investments plc (the 'Company') At an Extraordinary General Meeting held on 24 April 2006, the Company was authorised to dispose of its wholly owned Hungarian subsidiary, First AB Kft by way of public tender. The Company can now confirm that the tender process was successful and that the minimum tender price was exceeded and accordingly the directors expect that the Company will recover its total investment including its sales costs. The successful bid was in excess of #1.6 million, which includes the repayment of a loan by the Company to First AB Kft. The final amount payable will be established once all VAT and other expense apportionments have been calculated. The successful bidder has also agreed to settle any amounts due to the contractors. Completion of the disposal is expected to take place no later than 30 June 2006. A further announcement will be made following confirmation of the total costs of the disposal and the resulting profit. As previously announced, following the disposal, the Company which will be an investing company as defined under the AIM Rules, will enter into discussions with its main shareholders to seek their input into any return of cash to shareholders. This information is provided by RNS The company news service from the London Stock Exchange END DISKGGGVFKFGVZM
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