Receipt of Evervision Payment

 

TIDMDSN 
 
RNS Number : 5683D 
Densitron Technologies PLC 
04 December 2009 
 

 
 
 
 
Densitron Technologies plc 
("Densitron" or the "Company") 
 
 
 
 
Receipt of Evervision Payment 
 
 
The Board of Densitron is pleased to announce that Evervision Electronics Co. 
Limited, a Taiwanese company in which Densitron owns a 24.5% stake, has 
completed a capital reduction equating to 20% of its share capital. 
 
 
Following the capital reduction Densitron will continue to own 24.5% of 
Evervision, but has also received a payment of NT$58,876,000 (approximately 
GBP1,100,000).  These funds will be used to repay bank borrowings and fund 
working capital. 
 
 
Over the last few years the Company has been steadily reducing its level of debt 
and following the repayment of borrowings from the funds received the Company's 
gearing will reduce from approximately 25% to approximately 9%. 
 
 
 
 
Change of name of Nominated Adviser and Broker 
 
 
The Board has been informed that, with effect from 26 November 2009, the 
Company's nominated adviser and broker has changed its name from Hanson 
Westhouse Limited to Westhouse Securities Limited. 
 
 
 
 
Further information: 
 
 
+------------------------------------+------------------------------------+ 
| Densitron                          | Westhouse Securities               | 
| Grahame Falconer / Tim Pearson     | Tim Metcalfe / Martin Davison      | 
| Tel: [phone]                 | Tel: [phone]                 | 
|                                    |                                    | 
+------------------------------------+------------------------------------+ 
 
 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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