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Name | Symbol | Market | Type |
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Citi Fun 24 | LSE:AH45 | London | Medium Term Loan |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
RNS Number:5267R BIL International Limited 15 February 2002 MASNET No. 2 OF 15.02.2002 Announcement No. 2 BIL INTERNATIONAL LIMITED SUBSTANTIAL INCREASE IN PRICE 15 February 2002 - In response to a query today by the Singapore Exchange regarding the substantial increase in price, BIL International Limited ("BIL") has advised that it is not aware of any material information that might have contributed to the increase in price of its securities. However, the Board of BIL would like to highlight that both BIL, in the ordinary course of its business as an active investment company, and those companies in which BIL invests, are frequently engaged in the acquisition and disposal of assets, and in discussions regarding potential corporate transactions and opportunities. By way of example, BIL has on 13 February, through its wholly-owned subsidiary, Blue Ridge Nominees Pty Ltd, contracted to sell its entire shareholding in Coates Hire Limited ("Coates"), comprising 8.71% of the total issued share capital of Coates. The sale was effected via an underwritten placement through JBWere Limited for a total consideration of approximately A$25.918 million. BIL's book value of its interest in Coates is A$15.020 million. The excess of the sales proceeds over the book value is approximately A$10.897 million. The transaction is not expected to have any material impact on BIL's net tangible assets or earnings per share for the financial year ending 30 June 2002. Coates, which is a company listed on the Australian Stock Exchange, is a leading general equipment hire company in Australia, servicing the construction, maintenance, resources, civil engineering manufacturing, events and contracting industries. Coates operates in all Australian States and Territories as well as in Indonesia and the United Kingdom through its wholly owned subsidiary Rentair PLC. Submitted by Jane Teah, Company Secretary on 15/02/2002 to the SGX This information is provided by RNS The company news service from the London Stock Exchange
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