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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Astaire Grp | LSE:ASTR | London | Ordinary Share | GB0031792194 | ORD 0.1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 2.125 | 0.00 | 00:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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RNS Number : 8099R
Astaire Group Plc
31 August 2010
Astaire Group PLC
Strategic update
31 August 2010
On 15 July 2010, the Board of Astaire Group PLC ("Astaire" or the "Group")
announced that following a strategic review the Board had commenced discussions
with a number of parties with a view to either achieving a change in majority
ownership of the Group, which would be likely to be achieved by way of a share
subscription or a change in majority ownership of the main operating businesses.
The discussions with a potential new investor about a share subscription leading
to a change of control of Astaire did not reach a mutually acceptable
conclusion. However progress has been made in relation to the possible sales of
the main operating businesses:- Astaire Securities PLC; and Rowan Dartington
Limited.
After conducting a disposal process which involved soliciting and evaluating
several indicative offers for Astaire Securities PLC, two preferred potential
buyers have been selected and are engaged in detailed negotiations. However,
there is no guarantee that any sale, which will be subject to regulatory
consents and approvals, will be completed.
Further announcements will be made in due course.
Enquiries:
Astaire Group Plc
Tel: 020 7492 4750
James Noble, Chairman
Maitland
Tel: 020 7379 5151
Neil Bennett
George Hudson
Fairfax I.S. PLC Nominated Adviser/Broker
Tel: 020 7598 5368
David Floyd
Ewan Leggat
This information is provided by RNS
The company news service from the London Stock Exchange
END
FURLLFLATAITFII
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