6 Oct 2020 07:00
For immediate release
St Peter Port Capital Limited
6 October 2020
St Peter Port Capital announces the sale of its entire holding in
Agriculture Investment Group Corp
The board of St Peter Port Capital Limited announces that it has sold its entire holding of shares in Agriculture Investment Group Corp (formerly Union Agriculture Group), being a sale of 336,140 common shares. The proceeds of the disposal are US$176,474 which reflects a sale price of 52.5 cents per share. This compares to the carrying value of this investment in the Company's Annual Report of 57 cents per share as at 31 March 2020, written down from previous carrying values. The proceeds of the sale will be used for general corporate purposes.
This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.
For further information:
St Peter Port Capital Limited
Lynn Bruce, Director 01481 724 222
Grant Thornton UK LLP - Nominated Adviser
Philip Secrett / Jamie Barklem 020 7383 5100
Shore Capital Stockbrokers Limited - Broker
Dru Danford 020 7408 4090