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Disposal and Acquisition of Investments

17 Sep 2013 07:33

RNS Number : 1312O
Nova Resources Limited
17 September 2013
 



NOVA RESOURCES LIMITED

 

("Nova" or the "Company")

 

Disposal and Acquisition of Investments

 

Nova is pleased to announce that it has agreed to sell its entire investment holding of 21,415,861 ordinary shares in European Islamic Investment Bank Plc ("EIIB") at a price of 3.1p for a total consideration of £663,892 to Pearce Global Investments Limited. EIIB provides Sharia compliant investment banking and services and its shares are traded on AIM Market of the London Stock Exchange.

 

The consideration is to be paid and discharged by the transfer of warrants over 9,000,000 ordinary shares in the share capital of Tricor Plc ("Tricor"), with an exercise price of 0.5p, to be exercised at Nova's discretion by 31 December 2017 (the "Warrants"). The parties have agreed that the Warrants are priced at 7.38p each, which represents a premium to Tricor's current share price of 6.5p per ordinary share. Tricor is an investment company focussed on the natural resources sector and its shares are also traded on the AIM market of the London Stock Exchange. The board of Nova intend for the Warrants to be retained for the foreseeable future.

Enquiries:

 

Nova Resources Limited

Chan Fook Meng - Chairman/CEO

 

+65 62362985

 

Daniel Stewart & Co (Nominated Adviser & Broker)

David Hart

James Felix

 

+44 (0)20 7776 6550

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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3rd Jul 20145:17 pmRNSFinal Results for the Year Ended 31 December 2013
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28th Feb 20148:48 amRNSTotal Voting Rights
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22nd Jan 20147:00 amRNSIssue of Equity
21st Jan 20147:00 amRNSDirector Dealing
20th Jan 20147:00 amRNSInvestment in Enerstry Group Limited
17th Jan 20144:23 pmRNSPotential Investment
27th Dec 20137:00 amRNSDisposal
11th Nov 20138:54 amRNSResult of Annual General Meeting
11th Nov 20138:51 amRNSNew Funding
31st Oct 201312:29 pmRNSTotal Voting Rights
17th Oct 20131:06 pmRNSAquisition by directors and issue of loan note
17th Oct 201311:24 amRNSNotice of AGM
8th Oct 201312:22 pmRNSIssue of Equity
27th Sep 20137:00 amRNSInterim results for the period ended 30 June 2013
17th Sep 20137:33 amRNSDisposal and Acquisition of Investments
28th Aug 20139:54 amRNSNew funding
28th Jun 20137:00 amRNSFinal Year Results for year end 31 December 2012
20th Jun 20139:54 amRNSIssue of Warrants
15th Apr 20137:00 amRNSCoal Transportation Contract
21st Dec 20129:29 amRNSResult of AGM
30th Nov 20129:08 amRNSNotice of AGM
25th Sep 20123:24 pmRNSHalf Yearly Report
28th Jun 20128:39 amRNSFinal Results
24th May 201210:05 amRNSCommencement of Trucking Operations
17th May 20128:40 amRNSBoard Changes
11th May 20122:00 pmRNSBoard Appointment
15th Mar 20123:12 pmRNSIssue of Equity
28th Feb 20122:22 pmRNSReplacement re Issue of Shares and TVR
27th Feb 20127:00 amRNSIssue of Equity & Total Voting Rights
14th Feb 20121:30 pmRNSCommencement of coal transportation contract
14th Feb 20121:30 pmRNSAcquisition of 30% of Nova Mongolia Corp Pte Ltd
12

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