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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
- PRESS: Trinity Mirror To Launch New National Newspaper, 'New Day'
18 Feb 2016 - Trinity Mirror said to unveil new weekday tabloid
17 Feb 2016 - UPDATE 2-Presses to fall silent at UK's Independent as paper goes online-only
12 Feb 2016 - PRESS: Lebedev Confirms Closure Of Independent Print Newspapers
12 Feb 2016 - Presses to fall silent at UK's Independent as paper goes online-only
12 Feb 2016 - Johnston Press agrees to buy Independent's budget sister title
12 Feb 2016 - Johnston Press Confirms Deal To Buy 'i' Newspaper For GBP24 Million
12 Feb 2016 - UPDATE 2-Johnston Press in talks to buy Independent's budget sister title
11 Feb 2016
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