TRA Tertre Rouge Assets Plc

65.00

0.00 (0.00%)

Last Updated: 01:00:00

Delayed by 15 minutes

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Tertre Rouge Assets Plc	LSE:TRA	London	Ordinary Share	GB00BNHN6S26	ORD GBP0.04

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	0.00	0.00%	65.00						0.00	01:00:00

Industry Sector	Turnover	Profit	EPS - Basic	PE Ratio	Market Cap
Blank Checks	0	-591k	-0.1159	-5.61	3.32M

Disposal

22/08/2003 12:30pm

UK Regulatory

RNS Number:9649O
TransEDA PLC
22 August 2003

22 August 2003


                          TransEDA PLC ("the Company")



The Company announces that it has today entered into Heads of Terms for the sale
of all of the issued share capital of TransEDA Technology Limited ("TTL") with
Valiosys S.A. ("Valiosys"). TTL owns substantially all of the operating assets
of the TransEDA group.



Under the Heads of Terms, Valiosys has agreed to purchase the issued share
capital of TTL for a one-off payment of #1,150,000 subject, inter alia, to
satisfactory due diligence. The Board have granted Valiosys an exclusivity
period which will terminate on 15 September 2003.



The Board continue to explore all options available for the business but is
mindful of current trading conditions and the cash balances available to the
Company.



For further information:



Ann-marie Wilkinson, Beattie Financial                       0207 398 3300




                      This information is provided by RNS
            The company news service from the London Stock Exchange
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