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22 Mar 2012 11:10
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.
"The Company has maintained its growth as budgeted and is confident of achieving its targets for the financial year ended March 2012 in line with expectations."
Contact:
DQE Tapaas Chakravarti - Chairman and CEO Rashida Adenwala -Director Finance & Investor Relations
| Tel: +91 40 235 53726/27 |
Seymour Pierce Ltd Nandita Sahgal / David Foreman
| Tel: +44 (0)207 107 8000 |
Buchanan Mark Edwards / Suzanne Brocks | Tel: +44 (0)20 7466 5000 |
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