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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
17th Dec 20074:43 pmRNSHolding(s) in Company
17th Dec 20074:25 pmRNSPDMR Shareholding Replace
17th Dec 200710:36 amRNSDirector/PDMR Shareholding
14th Dec 20078:55 amRNSDirector/PDMR Shareholding
13th Dec 20075:16 pmRNSHolding(s) in Company
13th Dec 20073:38 pmRNSHolding(s) in Company
13th Dec 200710:40 amRNSDirector/PDMR Shareholding
12th Dec 200711:24 amRNSHolding(s) in Company
12th Dec 20078:23 amRNSDirector/PDMR Shareholding
11th Dec 200711:36 amRNSHolding(s) in Company
10th Dec 20073:20 pmRNSHolding(s) in Company
7th Dec 20073:14 pmRNSDirector/PDMR Shareholding
7th Dec 20073:01 pmRNSHolding(s) in Company
6th Dec 200712:19 pmRNSDirector/PDMR Shareholding
3rd Dec 20076:23 pmRNSDirector/PDMR Shareholding
3rd Dec 200712:14 pmRNSDirector/PDMR Shareholding
3rd Dec 200712:13 pmRNSHolding(s) in Company
29th Nov 200712:55 pmRNSHolding(s) in Company
28th Nov 20073:50 pmRNSHolding(s) in Company
26th Nov 20077:01 amRNSInterim Results
20th Nov 20077:02 amRNSRealisation of Assets
5th Nov 200710:18 amRNSHolding(s) in Company-Replcmt
2nd Nov 20075:40 pmRNSHolding(s) in Company
29th Oct 20078:59 amRNSProject Update
25th Oct 20077:01 amRNSResult of EGM
25th Oct 20077:01 amRNSResult of AGM
12th Oct 200710:44 amRNSHolding(s) in Company
12th Oct 200710:43 amRNSHolding(s) in Company
10th Oct 200711:50 amRNSHolding(s) in Company
2nd Oct 200712:39 pmRNSInvestor Days
1st Oct 200712:46 pmRNSHolding(s) in Company
28th Sep 20077:01 amRNSAnnual Report and Accounts
17th Sep 20074:41 pmRNSDirector/PDMR Shareholding
17th Sep 20074:16 pmRNSHolding(s) in Company
5th Sep 200712:47 pmRNSHolding(s) in Company
3rd Sep 200711:44 amRNSHolding(s) in Company
28th Aug 20071:01 pmRNSHolding(s) in Company
28th Aug 200711:04 amRNSHolding(s) in Company
21st Aug 20079:52 amRNSHolding(s) in Company
17th Aug 20072:48 pmRNSWebsite Information
13th Aug 20074:20 pmRNSHolding(s) in Company
8th Aug 200710:02 amRNSHolding(s) in Company
8th Aug 20079:59 amRNSHolding(s) in Company
31st Jul 200711:04 amRNSDirector/PDMR Shareholding
30th Jul 20077:01 amRNSFinal Results
27th Jul 20075:17 pmRNSHolding(s) in Company
10th Jul 200711:35 amRNSHolding(s) in Company
9th Jul 200710:27 amRNSNotice of Results
22nd Jun 20077:02 amRNSInvestment
12th Jun 20077:03 amRNSAcquisition

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