Old rns does not inspire confidence29 Sep 2012 20:24
For immediate release
22 March 2012
DQ Entertainment plc
("DQE" or "the Company")
Significant Shareholding
DQ Entertainment plc (AIM: DQE) announces that it was informed on 21 March 2012 by Pictet Asset Management Limited ("Pictet"), that on 21 March 2012, it sold its holding of 3,041,576 ordinary shares of 0.1p each in the Company, equivalent to 8.46 per cent. of the entire issued shares of the Company.
Commenting on the transaction, Chairman and CEO Tapaas Chakravarti, said:
"We are always sorry to lose shareholders especially at a time when the Company is performing and delivering as expected. This remains an exciting time for DQE and I endorse my confidence as expressed at the Q3 results for our Indian subsidiary, announced in February 2012. However, I'd like to take this opportunity to welcome all new shareholders to the DQE fraternity.