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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 sells East Anglia newspaper business for £17m
17 Jan 2017 - Johnston Press Agrees To Amend Terms Of Debt Facility With Lenders
19 Dec 2016 - Johnston Press confirms late discussions with Iliffe Media
14 Nov 2016 - Johnston Press sees its performance continuing in-line
10 Nov 2016 - BROKER RATINGS SUMMARY: Goldman Slightly Less Negative On UK Grocers
26 Oct 2016 - Sunday newspaper round-up: Inflation, MPC, Tesco, Rolls-Royce, Morrisons
11 Sep 2016 - London close: Blue-chip miners, banks push FTSE higher as house builders fly
23 Aug 2016 - Sunday newspaper round-up: Brexit in 2019, bank regulation, ITV, William Hill
14 Aug 2016
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