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Majedie Investment Unit Sells Entire Johnston Press Stake (ALLISS)
LONDON (Alliance News) - Johnston Press PLC said Monday that Majedie Asset Management Ltd sold its entire stake in the company.
Majedie previous holding in the company before the sale was 7.23%
Johnston Press shares closed 84% higher at 4.10 pence. Majedie Investments PLC closed down 1.4% at 276.00p.
Earlier in October, the newspaper publisher put itself up for sale to maximise shareholder value and repay its outstanding GBP220 million 8.625% senior secured notes due on June 1, 2019.
Last Friday, Custos Group AS increased its stake in the multimedia news company to 25%.
Latest JPR News
- Johnston Press closes more titles as it looks to cut costs
7 Oct 2015 - Johnston Press Makes Further Progress On Cost Cuts As Titles Closed
7 Oct 2015 - UPDATE 2-UK's Trinity Mirror in talks to buy rival Local World
14 Sep 2015 - Sky Inks New Three Year Advertising Deal With Johnston Press
10 Sep 2015 - BROKER RATINGS SUMMARY: Credit Suisse Cuts Next And Raises IHG
28 Aug 2015 - BUZZ-UK publishers: paper thin trading speaks volumes
11 Aug 2015 - Johnston Press confident of recovering from difficult first half
11 Aug 2015 - BROKER RATINGS SUMMARY: Charles Stanley Says Accumulate AstraZeneca
11 Aug 2015
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