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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
 
END
 
 
MSCBBGDLBUDBGGD
Date   Source Headline
12th May 20088:56 amRNSHolding(s) in Company
12th May 20086:00 amRNSRealisation of Assets
30th Apr 20085:10 pmRNSHolding(s) in Company
29th Apr 20085:22 pmRNSHolding(s) in Company
25th Apr 20084:40 pmRNSHolding(s) in Company
18th Apr 200812:04 pmRNSHolding(s) in Company
17th Apr 20085:01 pmRNSHolding(s) in Company
10th Apr 20087:00 amRNSPre-close update
2nd Apr 20083:29 pmRNSAppointment of Joint Broker
1st Apr 200811:18 amRNSMoU With Strategic Partner
28th Mar 200812:32 pmRNSHolding(s) in Company
27th Mar 20085:16 pmRNSHolding(s) in Company
25th Mar 20085:31 pmRNSHolding(s) in Company
25th Mar 20084:26 pmRNSHolding(s) in Company
18th Mar 200812:42 pmRNSInvestor Update - Amendment
18th Mar 200810:24 amRNSInvestor Update
13th Mar 200810:46 amRNSHolding(s) in Company
25th Feb 200812:59 pmRNSDirector/PDMR Shareholding
22nd Feb 20084:06 pmRNSDirector/PDMR Shareholding
22nd Feb 20088:50 amRNSDirector/PDMR Shareholding
21st Feb 20087:00 amRNSDirector/PDMR Shareholding
20th Feb 20087:00 amRNSDirector/PDMR Shareholding
19th Feb 20086:08 pmRNSDirector/PDMR Shareholding
18th Feb 20089:41 amRNSDirector/PDMR Shareholding
15th Feb 20087:00 amRNSDirector/PDMR Shareholding
13th Feb 20087:00 amRNSDirector/PDMR Shareholding
7th Feb 200811:33 amRNSHolding(s) in Company
6th Feb 20085:28 pmRNSDirector/PDMR Shareholding
6th Feb 200811:39 amRNSHolding(s) in Company
4th Feb 20085:32 pmRNSDirector/PDMR Shareholding
4th Feb 20084:23 pmRNSDirector/PDMR Shareholding
1st Feb 20084:36 pmRNSHolding(s) in Company
1st Feb 200811:53 amRNSHolding(s) in Company
1st Feb 200810:34 amRNSDirector/PDMR Shareholding
31st Jan 20089:59 amRNSDirector/PDMR Shareholding
30th Jan 20089:41 amRNSRealisation of Assets
22nd Jan 20083:35 pmRNSHolding(s) in Company
22nd Jan 200812:32 pmRNSHolding(s) in Company
21st Jan 20087:16 amRNSPortfolio Update - PSL
18th Jan 20087:02 amRNSSEZ Approval
14th Jan 200811:10 amRNSHolding(s) in Company
10th Jan 20087:01 amRNSCompletion of Portfolio Sale
4th Jan 20084:40 pmRNSDirector/PDMR Shareholding
3rd Jan 20083:06 pmRNSDirector/PDMR Shareholding
2nd Jan 20084:13 pmRNSDirector/PDMR Shareholding
2nd Jan 200810:26 amRNSDirector/PDMR Shareholding
24th Dec 20078:28 amRNSDirector/PDMR Shareholding
19th Dec 20074:15 pmRNSHolding(s) in Company
19th Dec 20074:14 pmRNSDirector/PDMR Shareholding
18th Dec 20079:52 amRNSDirector/PDMR Shareholding

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