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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
- BROKER RATINGS SUMMARY: Panmure Raises RSA Insurance To Buy From Hold
10 Aug 2016 - Sunday share tips: Johnston Press, IG Design
7 Aug 2016 - Broker tips: Johnston Press, Direct Line, Hikma Pharmaceuticals
4 Aug 2016 - Numis puts Johnston Press 'under review' after first half results
4 Aug 2016 - Johnston Press swings to loss in first half
4 Aug 2016 - Johnston Press chipper on 'i' newspaper readership
8 Jul 2016 - EXTRA: Johnston Press Reports Boost To 'i' Readership Following Brexit
8 Jul 2016 - Johnston Press Reports Material Lift In Readership Of 'i' Newspaper
8 Jul 2016
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