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DLG Direct Line Insurance Group Plc

266.20
-2.00 (-0.75%)
10 Feb 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
  -2.00 -0.75% 266.20 266.40 266.60 269.40 266.20 269.40 3,023,809 16:35:18
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Fire, Marine, Casualty Ins 2.86B 222.9M 0.1700 15.68 3.52B

Dialog Corporation - Hldg in Easynet Group PLC

13/05/1998 4:57pm

UK Regulatory


RNS No 4211n
DIALOG CORPORATION PLC
13th May 1998

                      THE DIALOG CORPORATION SELLS STAKE
                     IN EASYNET GROUP PLC FOR #3.2 MILLION

London - 13th May 1998 - The Dialog Corporation plc, a leading supplier of
online professional and commercial information, today announced that it has
sold its 10.4% investment (approximately 2.1 million Ordinary Shares) in
Easynet Group plc, yielding net proceeds of #3.2 million.  As a result of the
transaction, The Dialog Corporation will record a second quarter profit of
#1.0 million, after associated transaction costs.  The shares in Easynet were
acquired by the company in February 1996.

David Mattey, Finance Director of The Dialog Corporation, commented:

"We are actively focusing resources on The Dialog Corporation's core
businesses, and are therefore realising our investments in non strategic
assets.  As with the previously announced sale of our equity holdings in
NewsEDGE, we will utilise the proceeds from this sale to reduce corporate
debt.

"Easynet is a rapidly-growing Internet and telecommunications company, and we
continue to believe that it has excellent prospects and a strong management
team."

The Dialog Corporation (http://www.dialog.com) is a leading provider of online
information created by 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 US headquarters in Mountain
View, California.  The Company's American Depository Shares (ADS) are traded
on Nasdaq under the symbol "DIALY" with four Ordinary Shares comprising one
ADS; its Ordinary Shares trade on the London Stock Exchange under the symbol
"DLG".

Enquiries:

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

John Olsen                                    (+44) 171 357 9477
Hogarth Partnership Limited                   jolsen@hogarthpartnership.co.uk
(for The Dialog Corporation plc)      
                                      
END

HOLSFWFIDUAUFLI


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