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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
 
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MSCBBGDLBUDBGGD
Date   Source Headline
1st Apr 20097:00 amRNSTransaction in Own Shares
24th Mar 20095:23 pmRNSResult of EGM
13th Mar 200912:00 pmRNSAmendment to notice of EGM
27th Feb 200912:57 pmRNSHolding(s) in Company
27th Feb 20097:00 amRNSNotice of EGM
13th Feb 20097:00 amRNSUpdate on strategic review and investment policy
16th Jan 20094:30 pmRNSTransaction Update
30th Dec 200811:22 amRNSHolding(s) in Company
19th Dec 20084:04 pmRNSResult of AGM
9th Dec 20087:00 amRNSHalf Yearly Report
25th Nov 20083:10 pmRNSNotice of AGM
6th Nov 20087:00 amRNSTransaction Update
5th Nov 20087:00 amRNSWithdrawal of EGM requisition
31st Oct 20087:00 amRNSDirectorate Change & Startegic Review
14th Oct 20083:23 pmRNSEGM Requisition
2nd Oct 20087:00 amRNSTrading Statement
30th Sep 20089:39 amRNSAnnual Report and Accounts
18th Sep 200812:25 pmRNSHolding(s) in Company
17th Sep 200810:45 amRNSHolding(s) in Company
15th Sep 20087:00 amRNSTransaction with SachsenFonds Holdings GmbH
9th Sep 20088:00 amRNSMemorandum of Understanding S
15th Aug 20087:00 amRNSDirector/PDMR Shareholding
14th Aug 20087:00 amRNSDirector/PDMR Shareholding
13th Aug 20087:00 amRNSDirector/PDMR Shareholding
12th Aug 20087:00 amRNSDirector/PDMR Shareholding
11th Aug 20087:00 amRNSDirector/PDMR Shareholding
8th Aug 20087:00 amRNSDirector/PDMR Shareholding
7th Aug 20087:00 amRNSDirector/PDMR Shareholding
6th Aug 20087:00 amRNSDirector/PDMR Shareholding
5th Aug 20087:00 amRNSDirector/PDMR Shareholding
4th Aug 20087:00 amRNSDirector/PDMR Shareholding
1st Aug 20087:00 amRNSDirector/PDMR Shareholding
31st Jul 20087:33 amRNSDirector/PDMR Shareholding
30th Jul 200811:57 amRNSDirector/PDMR Shareholding
30th Jul 20088:31 amRNSDirector/PDMR Shareholding
29th Jul 20087:00 amRNSDirector/PDMR Shareholding
25th Jul 20087:00 amRNSDirector/PDMR Shareholding
24th Jul 20087:00 amRNSDirector/PDMR Shareholding
23rd Jul 20087:00 amRNSDirector/PDMR Shareholding
22nd Jul 20087:00 amRNSDirector/PDMR Shareholding
21st Jul 20087:10 amRNSDirector/PDMR Shareholding
18th Jul 20088:57 amRNSDirector/PDMR Shareholding
17th Jul 20087:00 amRNSDirector/PDMR Shareholding
16th Jul 200810:57 amRNSDirector/PDMR Shareholding
15th Jul 20087:00 amRNSFinal Results
14th Jul 200812:54 pmRNSHolding(s) in Company
27th Jun 20087:00 amRNSNotice of Results
18th Jun 20087:01 amRNSCompletion of Disposal
15th May 20082:38 pmRNSHolding(s) in Company
12th May 200811:10 amRNSReplacement Realisation of As

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