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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Path Investments Plc | LSE:PATH | London | Ordinary Share | GB00BYQD5059 | ORD GBP0.001 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.27 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMPATH
RNS Number : 7437O
Path Investments plc
01 February 2019
1 February 2019
Path Investments plc
("Path" or "the Company")
Sale of Turkish interests
Path Investments plc (TIDM: PATH) is pleased to announce that the Company has entered into a binding Sale Transfer Agreement ("STA") with Server Fatih Alpay regarding the sale of the Company's Turkish interests to him.
Under the terms of the STA Path has transferred its 5% shareholdings in each of ARAR Petrol Ve Gaz Arama Uretim Pazarlama Anonim Sirketi and Alpay Enerji A.S. to Mr. Alpay. The consideration payable by Mr. Alpay to the Company is GBP400,000. In addition, Mr. Alpay has transferred his 357,412 Path Ordinary Shares to the Company to be held in Treasury and his 357,412 Path Deferred Shares to the Company for cancellation.
Christopher Theis, Chief Executive of Path, commented: "We are delighted to have entered into the STA with Server Fatih Alpay. This transaction marks the welcome withdrawal of our oil and gas interests in Turkey. Our attention is now focussed on completing our acquisition of ARC Marlborough Pty. Limited that we announced on 18 January 2019. Further announcements will be made in due course."
This announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
***ENDS***
For further information:
Path Investments plc
Christopher Theis, Andy Yeo +44 (0) 20 3934 6630
Shard Capital (Financial Adviser and Broker)
Simon Leathers, Damon Heath +44 (0) 20 7186 9900
IFC Advisory (Financial PR & IR)
Tim Metcalfe, Heather Armstrong, Miles Nolan +44 (0) 20 3934 6630
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
DISQFLFXKFFZBBB
(END) Dow Jones Newswires
February 01, 2019 02:00 ET (07:00 GMT)
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