The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Distribution from associated company

13 Jan 2011 13:17

RNS Number : 4301Z
CSS Stellar PLC
13 January 2011
 



CSS Stellar plc (the "Company")

Distribution from associated company

The Company is pleased to announce that it has received a special distribution of approximately $430,000 from its US associated company further to the announcement of 17 December 2010. Net of costs, this represents a surplus of approximately $250,000 for the Company.

 

Julian Jakobi, Chairman, said: "This distribution together with the collection of receivables from motorsports has improved the cash and net asset position of the Company. Coupled with the recent material costs savings, the board feels it is well placed to pursue its proposed Investing Policy details of which will be included in a circular to be sent to shareholders shortly."

For further information please contact:

Julian Jakobi

CSS Stellar plc

07785 317202

Luke Cairns / Edward Hutton

Northland Capital Partners Limited

020 7492 4750

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCUOAORABAAAAR

Related Shares

Back to RNS

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.