14 Sep 2009 07:00
Trikona Trinity Capital PLC
(the "Company")
Statement re Investment Holding
Trikona Trinity Capital plc (AIM:TRC) announces an update with respect to its investment in Pipavav Shipyard Limited ('PSL').
On 11 September 2009, PSL announced a price band of INR 55 to 60 per share with respect to subscriptions for the company's forthcoming public issue and listing. Listing is expected to occur shortly after subscriptions close on 18 September 2009.
Trikona Trinity Capital plc, holds 45.9 million shares representing a 7.91% interest in the equity share capital of PSL. TRC acquired the shares at a price of INR 25 per share in January 2007.
Further information, please contact:
IOMA Fund and Investment Management Limited
Philip Scales, Director +44 (0) 1624 681250
Evolution Securities
Bobbie Hilliam, Corporate Finance
Chris Sim, Corporate Broking +44 207 071 4300
Arden Partners plc
Chris Hardie, Corporate Finance +44 207 398 1600