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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Petmin | LSE:PTMN | London | Ordinary Share | ZAE000076014 | ORD ZAR0.25 (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 11.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:3755X Petmin Limited 29 May 2007 29th May 2007 PETMIN LIMITED ("Petmin", "the Company" or "the Group") FINALISATION OF THE SALE OF PETMIN'S 100% INTEREST IN BAOBAB TO GVM AND FURTHER CAUTIONARY Petmin (AIM:PTMN, JSE:PET) updates shareholders on the sale of the Baobab investment to GVM. GVM SALE As stated in the Interim Financial Statement, published on 5 March 2007, "The Company has reached an agreement with GVM Metals Limited to dispose of its investment in Baobab for an amount of GBP 2.5 million (+/- R35 million) ("the disposal consideration"). The sale is subject to Ministerial approval, by no later than 30 April 2007, in terms of the Mineral and Petroleum Resources Development Act, 2002. In accordance with IFRS, assets of R1.5 million have been disclosed as assets held for sale and are carried at cost which is lower than their net realisable value. Revenue on the sale will be recorded when the last remaining suspensive condition is satisfied." The board is pleased to announce that all the conditions precedent have been met, the disposal consideration has been received and the transaction is now complete. FURTHER CAUTIONARY Shareholders are advised that the company is still in negotiations, which if successfully concluded may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to exercise caution when dealing in Petmin's securities until a full announcement is made. Ends Enquiries: Petmin Numis Securities Limited +44 207 260 1000 Jan Du Preez (CEO) +27 825 571 979 John Harrison Bradley Doig (COO) +27 824 597 818 Nick Stamp www.petmin.co.za Parkgreen Communications +44 207 851 7480 Justine Howarth This information is provided by RNS The company news service from the London Stock Exchange END MSCQKLFLDEBBBBK
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