We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Tt Electronics Plc | LSE:TTG | London | Ordinary Share | GB0008711763 | ORD 25P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.50 | -0.30% | 166.50 | 167.00 | 167.50 | 168.50 | 165.00 | 165.00 | 293,711 | 16:35:10 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Electronic Components, Nec | 613.9M | -11.8M | -0.0670 | -24.93 | 293.92M |
From Apr 2019 to Apr 2024
TIDMTTG
RNS Number : 4477S
TT Electronics PLC
02 October 2017
2 October 2017
TT Electronics plc
('TT Electronics' or 'the Company')
Completion of the disposal of the Transportation Sensing and Control division
TT Electronics, a global provider of engineered electronics for performance critical applications, is pleased to announce that completion of the disposal of its Transportation Sensing and Control division to AVX Corporation, acting through its subsidiary AVX Limited (the 'Disposal'), took place earlier today. The total cash consideration received was GBP123.5 million, including net debt and working capital adjustments on completion.
The Disposal was originally announced on 19 July 2017 and further details were set out in a circular sent to the Company's shareholders on 24 July 2017. The Disposal was approved by the Company's shareholders at a general meeting on 10 August 2017.
Richard Tyson, Chief Executive Officer commented:
"The divestment of the Transportation Division to AVX is an important step for TT. I'd like to take this opportunity to thank Amrei and the entire Transportation team and I wish them well in their new home with AVX. Having realised good value for shareholders, we now have increased financial capacity to continue to invest in the future growth of our business."
For further information please contact: TT Electronics plc Tel: +44 (0)1932 825 300 Richard Tyson, Chief Executive Officer Mark Hoad, Chief Financial Officer Emma Darke, Head of Investor Relations and Communications MHP Tel: +44 (0)20 3128 8100 Tim Rowntree / Katie Hunt / Ivana Petkova
This information is provided by RNS
The company news service from the London Stock Exchange
END
DISMTBJTMBIMBIR
(END) Dow Jones Newswires
October 02, 2017 09:46 ET (13:46 GMT)
1 Year Tt Electronics Chart |
1 Month Tt Electronics 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
