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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Direct Wonen | LSE:DIWO | London | Ordinary Share | NL0000817377 | ORD EUR0.02 (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 25.25 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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RNS Number:2846O
Direct Wonen N.V.
19 February 2008
For Immediate Release 19 February 2008
DIRECT WONEN N.V.
('Direct Wonen', 'the Company' or the 'Group')
Related party transaction
Direct Wonen announces that it has completed a related party transaction to
realise Euro1.2 million for the sale of a profit entitlement in a health and
fitness centre development.
The transaction is with 1000 Steentjes BV, a subsidiary of Weswa B.V., which is
owned by Yvonne Swaans and Richard Westerhuis, Chief Executive Officer and Chief
Strategic Officer of Direct Wonen respectively. The development was a non-core
activity of Direct Wonen and was expected to be sold in 2007 and therefore there
is no impact on management expectations of the Group for the financial year
ended 31 December 2007.
The Company's Directors, excluding Yvonne Swaans and Richard Westerhuis, having
consulted with their nominated adviser Collins Stewart, consider that the terms
of the transaction are fair and reasonable for shareholders.
For more information please contact:
Direct Wonen Tel +31(0)70 711 5691
Irma de Jong i.dejong@directwonen.nl
www.directwonencorporate.com
Buchanan Communications Tel +44(0)20 7466 5000
Richard Darby / Nicola Cronk richardd@buchanan.uk.com
www.buchanan.uk.com
Collins Stewart Europe Limited Tel +44(0)20 7523 8350
Tim Mickley/Adam Cowen
www.collins-stewart.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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