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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 confirms talks to buy i newspaper for £24m cash
11 Feb 2016 - Johnston Press Confirms Talks For GBP24 Million Bid For i Newspaper
11 Feb 2016 - Thursday newspaper round-up: Facebook, Johnston Press, steel industry
11 Feb 2016 - PRESS: Lebedevs Set To Sell 'i' Newspaper To Johnston Press - The FT
11 Feb 2016 - LONDON MARKET MIDDAY: Pound Rises After Upbeat UK Service Sector Data
3 Feb 2016 - WINNERS & LOSERS SUMMARY: Prudential Bounces Back From 2-Year Low
3 Feb 2016 - Johnston Press rallies on pension deficit reduction
3 Feb 2016 - BUZZ-Johnston Press: best day in 3 yrs on pension deficit reduction
3 Feb 2016
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