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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Nature Tech | LSE:NSO | London | Ordinary Share | JE00B3B5FZ40 | ORD 0.2P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 9.125 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:7333I Nature Technology Solutions Limited 29 November 2007 Nature Technology Solutions Limited ("NTS" or the "Company") Proposed sale of Gibraltar joint venture interest The Directors of NTS are pleased to announce that they have signed a Letter of Intent with a substantial Mediterranean based oil waste group for the sale by NTS of its 50% interest in its Gibraltar based joint venture Slop Oil Reception and Treatment Limited ("SORT"). The proposed consideration payable to NTS is $6 million in cash. Due diligence is currently underway and completion is expected to occur within 60 days. The Directors of NTS consider that the sale of the Company's interest in SORT on these terms would be an attractive realisation of the investment bearing in mind the likely recurring earnings of SORT and will be at a significant premium to book value. A further announcement concerning the disposal will be made upon the signing of the definitive sale and purchase agreement and a circular will be sent to shareholders upon completion of the sale as the Directors are considering the return of funds to shareholders in respect of some element of the cash proceeds. Enquiries: Nature Technology Solutions Limited 01841 533 611 Richard Eldridge, Chairman Seymour Pierce Limited Jonathan Wright 020 7107 8000 This information is provided by RNS The company news service from the London Stock Exchange END DISBRBDBDSDGGRI
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