5 Feb 2010 15:20

TRIKONA TRINITY CAPITAL PLC
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INVESTMENT UPDATE
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Trikona Trinity Capital plc (AIM:TRC) announces an update with respect to its investment in DB Realty Limited ('DBR').
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On 4 February, DBR announced that the IPO subscription price for its shares was fixed at INR 468 per share. Listing is expected to occur shortly.Â
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In April 2007, TRC invested GBP 26.4 million in acquiring 11.34 million shares in DB Realty at a price of INR 190 per share.
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The IPO subscription price of INR468 per share implies a value of TRC's holding of approximately GBP 72 million at current exchange rates. TRC's shareholding is subject to a one year lock up from the date of allotment.
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Enquires:
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Hogarth Partnership
Tim McCall / Julian Walker / James White +44 207 357 9477
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IOMA Fund and Investment Management Limited
Philip Scales, Director +44 1624 681250
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Evolution Securities, Nominated Adviser and Joint Broker
Bobbie Hilliam / Chris Clarke, Corporate Finance +44 207 071 4300
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