31 Aug 2017 13:40
31 August 2017
The 600 Group Plc
("The Company")
Disposal of ProPhotonix shareholding
The Board is pleased to announce that it has disposed of its entire holding in ProPhotonix Limited the AIM listed laser diode and LED systems manufacturer and distributor for £1.5m which will result in a £1m profit in the Consolidated Income Statement.
The shareholding was originally acquired in a share swap with institutional investors in August 2014 when 4.925m shares were issued in exchange for 26.3% of Prophotonix.
The cash proceeds will be used to reduce the UK senior debt with HSBC.
Enquiries: | |
The 600 Group PLC | Tel: 01924 415000 |
Paul Dupee, Executive Chairman | |
Neil Carrick, Finance Director | |
Spark Advisory Partners Limited (NOMAD) | Tel: 020 3368 3553 |
Matt Davis/ Miriam Greenwood | |
Cadogan PR Limited (Financial PR) | Tel: 020 7499 5002 / 07771 713608 |
Alex Walters | |
FinnCap (Broker) | Tel: 020 7600 1658 |
Tony Quirke/Mia Gardiner (Sales/Broking) |
More information on the Group can be viewed at: www.600group.com
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
SIXH.L (SIXH)