Less Ads, More Data, More Tools Register for FREE

Pin to quick picksThe Revel Collective Regulatory News (TRC)

  • This share is currently suspended. It was suspended at a price of 0.025
  • There is currently no data for TRC

Investment Update

22 Jun 2010 12:52

RNS Number : 0364O
Trikona Trinity Capital PLC
22 June 2010
 

Trikona Trinity Capital PLC

(the "Company")

Investment Update 

Trikona Trinity Capital PLC (AIM: TRC) announces the sale of its investment in DB Hospitality Private Limited ("DBH") which is held through one of the Company's Mauritian wholly-owned subsidiaries. The subsidiary has today entered into a sale and purchase agreement. The consideration amounts to the USD equivalent of INR1,000.2 million, or approximately GBP14.7 million at current exchange rates.

The subsidiary acquired the holding in DBH in two tranches in December 2006 and January 2008 for a total consideration of GBP12.2 million and therefore a profit on investment of approximately GBP 2.5 million is expected to be realised. In the Company's Interim Results as at 30 September 2009, the carrying value of the investment in DBH was GBP10.6 million.

A further announcement will be made when completion of the sale occurs, which is expected to be before the end of June 2010.

 

 

Enquiries:

 

Hogarth

Tim McCall / James White +44 207 357 9477

 

IOMA Fund and Investment Management Limited

Philip Scales, Director +44 1624 681250

 

Evolution Securities

Nominated Adviser and Joint Broker

Bobbie Hilliam / Chris Clarke, Corporate Finance +44 207 071 4300

 

Arden Partners plc, Joint Broker

Chris Hardie, Corporate Finance +44 207 614 5917

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCBBGDLBUDBGGD
Date   Source Headline
9th Aug 20137:00 amRNSInvestment update
6th Aug 201312:35 pmRNSHolding(s) in Company
1st Jul 20132:14 pmRNSHolding(s) in Company
19th Jun 201310:50 amRNSHolding(s) in Company
10th Jun 201311:21 amRNSHolding(s) in Company
19th Apr 20137:00 amRNSAmendments to Investment Management Arrangements
28th Jan 20139:42 amRNSHolding(s) in Company
21st Jan 201310:16 amRNSHolding(s) in Company
7th Jan 201312:08 pmRNSHolding(s) in Company
7th Jan 201312:06 pmRNSHolding(s) in Company
18th Dec 201210:07 amRNSHolding(s) in Company
14th Dec 20127:00 amRNSHalf Yearly Report
12th Dec 20129:10 amRNSDirectorate Change
22nd Oct 20127:00 amRNSDistribution
15th Oct 201211:34 amRNSHolding(s) in Company
12th Oct 20123:39 pmRNSInvestment Update
19th Sep 201210:59 amRNSResult of AGM
17th Sep 20125:00 pmRNSInvestment Management Arrangements
12th Sep 20123:24 pmRNSHolding(s) in Company
11th Sep 201210:53 amRNSHolding(s) in Company
6th Aug 20123:53 pmRNSAnnual Financial Report
25th Jul 20127:00 amRNSFinal Results
30th Apr 20124:11 pmRNSHolding(s) in Company
30th Apr 201210:50 amRNSHolding(s) in Company
22nd Mar 20123:24 pmRNSHolding(s) in Company
21st Mar 20124:05 pmRNSHolding(s) in Company
20th Mar 20123:40 pmRNSHolding(s) in Company
9th Mar 20125:05 pmRNSHolding(s) in Company
29th Feb 201210:10 amRNSHolding(s) in Company
16th Jan 20127:00 amRNSDirectorate Change
16th Dec 20117:00 amRNSHalf Yearly Report
17th Nov 20117:00 amRNSDistribution
1st Nov 20119:29 amRNSInvestment Update
23rd Sep 20111:13 pmRNSResult of AGM
18th Aug 20114:05 pmRNSAnnual Financial Report
3rd Aug 201112:44 pmRNSHolding(s) in Company
29th Jul 20119:36 amRNSAnnual Financial Report
29th Jul 20117:00 amRNSInvestment Update
28th Jul 20119:26 amRNSMauritius Litigation - Update
19th Jul 20117:00 amRNSMauritius Litigation Dismissed
8th Jul 20117:00 amRNSDistribution & Release of Audited Financial Statem
4th Jul 20117:00 amRNSInvestment Update
22nd Jun 20119:16 amRNSHolding(s) in Company
25th May 20113:16 pmRNSHolding(s) in Company
5th Apr 20114:56 pmRNSHolding(s) in Company
31st Mar 20114:51 pmRNSHolding(s) in Company
30th Mar 20114:40 pmRNSHolding(s) in Company
9th Mar 20115:39 pmRNSHolding(s) in Company
21st Feb 20117:00 amRNSDistribution
15th Feb 20117:05 amRNSDistribution

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.