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DLG Direct Line Insurance Group Plc

282.20
-1.40 (-0.49%)
20 Mar 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Direct Line Insurance Group Plc LSE:DLG London Ordinary Share GB00BY9D0Y18 ORD 10 10/11P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.40 -0.49% 282.20 282.20 282.40 287.00 281.00 284.80 6,100,821 16:35:16
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Fire, Marine, Casualty Ins 3.69B 162.6M 0.1240 22.77 3.72B

Dialog Corporation - Disposal of Investment

06/05/1998 3:20pm

UK Regulatory


RNS No 0339j
THE DIALOG CORPORATION PLC
6th May 1998


              The Dialog Corporation sells stake in NewsEDGE for
                                 $6.5 million

London, 6 May, 1998: The Dialog Corporation plc ("Dialog"), a leading supplier
of online professional and commercial information, today announced that it has
disposed of its 2.8% investment (450,000 shares) in the NewsEDGE Corporation
(Nasdaq: NEWZ), yielding $6.5 million after associated expenses.

The equity holding in NewsEDGE (previously Individual Inc.) was acquired by
Dialog as part of last year's acquisition of Knight-Ridder Information Inc.
and had a book value of $4.8 million.  As a result of the transaction, Dialog
will record a profit of $1.7 million, after associated transaction costs.  The
proceeds from the sale will be used to repay corporate debt.

David Mattey, Chief Financial Officer of The Dialog Corporation commented:
"After careful review it was determined that the NewsEDGE investment was
outside our core corporate focus and the disposal proceeds could be more
effectively deployed by paying down debt."

Enquiries:

Sara Parker, Head of         (+44) 171 930 6900
Corporate Communications     sara_parker@dialog.com
The Dialog Corporation

John Olsen/James Longfield   (+44) 171 357 9477
Hogarth Partnership Limited  jolsen@hogarthpartnership.co.uk
for The Dialog Corporation   jlongfield@hogarthpartnership.co.uk


The Dialog Corporation (www.dialog.com) is a leading provider of online
information following the merger of M.A.I.D plc and Knight-Ridder Information
Inc.  The Dialog Corporation brands include the DIALOG, DataStar and Profound
range of products and services.   These brands provide comprehensive,
authoritative sources of information to professionals worldwide.  The Dialog
Corporation has world headquarters in London and is traded on the NASDAQ
(DIALY) and the London Stock Exchange (DLG).


END


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