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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Goldshield Grp | LSE:GSD | London | Ordinary Share | GB0002893823 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 486.25 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:1507D Goldshield Group PLC 03 September 2007 Goldshield Group plc ("Goldshield" or the "Company") Update to the disposal of the entire issued capital of Goldshield Business Solutions Private Limited (GBSPL) and Call Centre Facility Agreements in relation to call centres in India Goldshield Group Plc ("Goldshield" or the "Company"), announces that following the approval by its shareholders at an Extraordinary General Meeting on 10 August 2007 to the proposed disposal of the entire issued share capital of GBSPL, to Ajit Patel ("the buyer"), the buyer has decided not to proceed with the purchase of the entire issued share capital of GBSPL. The buyer's obligation to complete the purchase of GBSPL upon the agreed terms, was conditional upon amongst other things, the consent of the major customers of GBSPL to his purchase of the Company. Unfortunately, two of the major customers have refused to consent with the result that the buyer has exercised his right not to complete the purchase of GBSPL and accordingly the Sale and Purchase Agreement is now regarded by the Company as null and void. GBSPL's primary business is the provision of call centre services to non-Goldshield group companies. The Company will retain and continue to operate these businesses for the foreseeable future. The Directors will continue to examine all strategic options for this non-core business. The effect of the business of GBSPL continuing within the group will not be material to the group's financial position and the Company continues to focus on its core strategy to develop its pharmaceutical and healthcare businesses following the recent reorganisation of the business. -ends- Date: 3rd September 2007 Enquiries: Goldshield Group plc Rakesh Patel, Chief Executive Tel: 020 8649 8500 City Profile Jonathan Gillen William Attwell Tel: 020 7448 3244 Panmure Gordon Edward Farmer Jonathan Lack Tel: 020 7459 3600 This information is provided by RNS The company news service from the London Stock Exchange END FURQLLFBDKBBBBX
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