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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Innobox | LSE:INO | London | Ordinary Share | GB0000528181 | ORD 0.05P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.10 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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Innobox Plc (the "Company")
21 October 2005
Part Disposal of Investment
The Company announces that it sold 750,000 ordinary shares in AeroBox Plc
("AeroBox") at a price of 8.75 pence per share on 20 October 2005. In the
Company's report and accounts for the year ended 30 April 2004, the Company's
shareholding in AeroBox was valued at 20 pence per share. Therefore, this
disposal represents a loss on disposal of £84,375. Following this disposal, the
Company holds 410,002 ordinary shares in AeroBox.
The funds raised from the disposal will be used to develop further the
Company's strategy in the hotels and licensed premises sector.
Enquiries:
Russell Stevens 07860 562621
Chief Executive, Innobox Plc russell@innobox.co.uk
David Simmons 0161 838 9140
Westhouse Securities LLP david.simmons@westhousesecurities.com
END
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