Promethean PLC Agreement re JLSL Option (3256I)
01 Julio 2013 - 10:02AM
UK Regulatory
TIDMPTH
RNS Number : 3256I
Promethean PLC
01 July 2013
1 July 2013
Promethean plc
Further to the announcement of 9 May 2013, Promethean plc (the
"Company") announces that it entered into an agreement with January
Loan Services Limited ("JLSL") and JLSL's management by which the
Company exercised in full its option to acquire shares in JLSL for
GBP125,000 and sold such shares to JLSL for GBP375,000 (before
professional fees).
Recognising the de minimis scale of the transaction and the
impracticality of ensuring that all shareholders could benefit from
the exercise of the option, the Board decided that accepting JLSL's
offer was the most appropriate solution.
The Board hope to be in a position to provide further
information on the TIS negotiations in the near future.
Further enquiries:
Sir Peter Burt
Promethean PLC
+44 (0) 207 246 2590
Stuart Gledhill
S. P. Angel Corporate Finance LLP
+44 (0)20 3463 2260
Other corporate information can be found at:
http://www.prometheanplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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