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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 |
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RNS Number:1818Q
Mission Capital PLC
26 January 2007
STOCK EXCHANGE ANNOUNCEMENT
MISSION CAPITAL PLC
26 January 2007
Disposal of shareholding in Abraxus Investments Plc
Mission Capital Plc ("Mission Capital" or the "Company") announces that
yesterday sold its entire holding of 10,041,740 ordinary shares in Abraxus
Investments Plc ("Abraxus"), representing approximately 29.15 per cent. of
Abraxus' issued share capital, for 6.5p per share. This gives Mission
Capital gross proceeds of #652,713 in cash which represents a profit to the
#648,188 held in the Company's consolidated balance sheet as at 30 September
2006. The Company intends to continue to explore investment or acquisition
opportunities in line with its stated strategy.
Chairman Neil Sinclair said: "We are very satisfied with the price achieved
having regard to the market price and net asset value of Abraxus Investments
Plc."
ENDS
For further enquiries:
Mission Capital plc
Neil Sinclair (Chairman) Tel: 020 7917 2797
Emma Sinclair (Managing Director) Tel: 020 7917 2799
Hudson Sandler
Michael Sandler/Kate Hough Tel: 020 7796 4133
This information is provided by RNS
The company news service from the London Stock Exchange
END
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