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EUI Emerging Uk

2.00
0.00 (0.00%)
01 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Emerging Uk LSE:EUI London Ordinary Share GB00B03KMJ93 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 2.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Investment

14/10/2005 4:32pm

UK Regulatory


RNS Number:7078S
Emerging UK Investments Plc
14 October 2005


FOR IMMEDIATE RELEASE

14 October 2005

EMERGING UK INVESTMENTS PLC ("EUKI" OR "THE COMPANY")

EUKI INVESTS IN SKIN HEALTH SPA PLC ("SHS")

The Board of EUKI is pleased to announce the acquisition of 769,585 Ordinary
shares of 5p each ("Shares") in Skin Health Spa plc from Catalyst Investment
Group Limited ("CIGL").

Skin Health Spa plc is an Ofex listed company and the purchase of the Shares
takes the number of 5p Ordinary shares held by EUKI to 1,174,991. The Shares
were purchased at 12.9p per share.

Under the terms of the share purchase agreement, the purchase price of the
Shares is #99,276 which is payable to CIGL immediately upon the sale of the
Shares by EUKI to a third party.

The Board expects to realise this investment within the next few months which is
expected to increase the cash resources of the Company, which should allow the
Company to make further investments.

As Mr Renwick Haddow is a director of both EUKI and a director of CIGL,
and a shareholder with 29.00% shares in CIGL, and CIGL has a shareholding of
47.50% in EUKI,  the transaction is Related Party under the AIM Rules.
Accordingly, Messrs Richard Henstock and Andrew Moore confirm that having
consulted EUKI's Nominated Adviser, the transaction is fair and reasonable
insofar as the shareholders of the Company are concerned.


Enquiries:

EMERGING UK INVESTMENTS PLC                                    07966 130 182
Renwick Haddow

BEAUMONT CORNISH LIMITED                                       0207 628 3396
Noelle Greenaway/Roland Cornish


                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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