Dunedin Ent.it. Regulatory News (DNE)

27 Feb 2006 14:32

Dunedin Enterprise Inv Trust PLC27 February 2006 27 February 2006 Dunedin Enterprise Investment Trust plc: Proposed Sale of Calsafe Group (Holdings) Ltd -------------------------------------------------------------------------------- Dunedin Enterprise Investment Trust PLC ("Dunedin Enterprise"), the privateequity investment trust which invests in lower mid-market management buyouts,management buyins and growing businesses, announces that it has entered into aconditional agreement for the sale of its holding in Calsafe Group (Holdings)Ltd ("Calsafe"). Dunedin Enterprise currently owns 32.4% of the fully diluted ordinary sharecapital of Calsafe, a company which manufactures and erects modular buildingsthrough its subsidiary company, Caledonian Building Systems Ltd. The Shareholders of Calsafe have entered into a conditional contract withChampion Enterprises Inc USA ("Champion"), a Michigan-based corporation quotedon the New York Stock Exchange, that is expected to lead to the sale of Calsafeto Champion on 7 April 2006. Champion announced the proposed acquisition to theSecurities and Exchange Commission on 27 February, 2006. The sale of Calsafe to Champion would represent an uplift of £6.6 million toDunedin Enterprise's valuation of its holding in Calsafe at 31 October 2005(which equates to an uplift of 22p per ordinary share). For further information, please contact: Dunedin Capital Partners Dougal Bennett T: 0131 718 2304 M: 07931 390 052 Binns & Co PR Limited Peter Binns T: 020 7786 9600 EDITOR'S NOTES Dunedin Enterprise Investment Trust PLCDunedin Enterprise is managed by Dunedin Capital Partners Limited. Dunedin is anindependent private equity company owned by its directors. The companyspecialises in providing equity finance for management buyouts, managementbuyins and growing businesses with a transaction size of £10 - 50 million. Itoperates throughout the United Kingdom from its offices in Edinburgh and London. For more information on Dunedin Enterprise, its portfolio and investmentapproach, please visit the website: www.dunedin.com. This information is provided by RNS The company news service from the London Stock Exchange