We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Metro Baltic | LSE:MET | London | Ordinary Share | IM00B1G4ZQ34 | ORD EUR0.01 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 21.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Jun 2019 to Jun 2024
TIDMMET
RNS Number : 0209C
Metro Baltic Horizons PLC
10 April 2013
Metro Baltic Horizons PLC
Disposal of St. Petersburg asset
10 April 2013
The Board of Metro Baltic Horizons PLC ("MBH" or the "Company") announces that it has entered in to an agreement to dispose of the entire issued share capital of its subsidiary company Pedragon Investments Limited ("Pedragon") for an initial consideration of EUR5.5m and further deferred consideration of up to EUR0.2m (the "Disposal"). Pedragon owns the Company's St. Petersburg development asset.
Pedragon is being sold to Fitzroy Ventures Limited ("Fitzroy") a company controlled by Mr. Boris Petrov, the current manager of the St. Petersburg property following a competitive bidding process. In addition to the property asset Pedragon also contains EUR1.9million of loan notes that will transfer to Fitzroy. The St. Petersburg asset had a carrying value of EUR6.25m in the Company's latest published balance sheet as at 30 June 2012. Accordingly, the transaction represents a net gain on sale for the Company of EUR1.1m. The asset contributed approximately EUR0.05m to group operating profits in the year to 31 December 2012.
The proceeds of the Disposal will be used to continue to fund litigation and may in part be distributed to shareholders.
The Disposal is subject to certain standard conditions precedent and is expected to complete by 21 April 2013.
The Company is reviewing its Investing Policy in light of the Disposal.
Further announcements will be made as appropriate.
Enquiries
Metro Baltic Horizons PLC
Ronan Reid Tel: +353 1 6333843
S. P. Angel Corporate Finance LLP
Stuart Gledhill Tel: 020 3463 2260
This announcement will be available on MBH's website http://www.metrobaltichorizons.com/ as soon as practicable in accordance with AIM Rule 26.
This information is provided by RNS
The company news service from the London Stock Exchange
END
DISMMGMDGGFGFZM
1 Year Metro Baltic Chart |
1 Month Metro Baltic Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
