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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Tvc Hldgs | LSE:TVCH | London | Ordinary Share | IE00B1Z90V93 | ORD EUR0.01 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 5.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Jun 2019 to Jun 2024
TIDMTVCH
RNS Number : 5204Z
TVC Holdings PLC
07 February 2014
TVC Holdings plc
('TVCH' or the 'Company')
TVC Holdings Announces Completion of Sale of Shenick
TVC Holdings plc, the investment holding company, today (Friday, 7 February 2014) announced that it had completed the sale of its interest in Shenick Network Systems Limited ("Shenick") as part of the acquisition of Shenick by a wholly owned subsidiary of Aeroflex Holding Corp. (NYSE:ARX).
Shenick delivers IP test and measurement solutions for today's virtualized and physical network infrastructure.
The total cash proceeds payable to TVC amount to US$8.6 million (EUR6.4 million) of which US$1.7 million (EUR1.2 million) is payable subject to escrow. The total consideration payable to TVC, including escrow, represents a return of 2.4 times the valuation of its investment at 30 September 2013, as reported in TVC's Interim Financial Results to that date.
Contact information:
TVC Holdings plc
Shane Reihill, Executive Chairman
John Tracey, Chief Executive Officer
Tel: +353-1-205 7700
Davy
John Frain
Tel: + 353-1-679 6363
Murray Consultants
Pauline McAlester
Tel: +353-1-498 0300
This information is provided by RNS
The company news service from the London Stock Exchange
END
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