Utilico Investments Limited Portfolio holding in Touchcorp Limited (2723H)
12 Marzo 2015 - 4:22AM
UK Regulatory
TIDMUTL TIDMUTLD TIDMTTM TIDMUTLC TIDMTTM
RNS Number : 2723H
Utilico Investments Limited
12 March 2015
For immediate release
12 March 2015
UTILICO INVESTMENTS LIMITED
Portfolio holding in Touchcorp Limited
As referred to in their recent Half Yearly Report, Utilico
Investments Limited ("Utilico") holds a direct investment of 22
million shares in Touchcorp Limited ("Touchcorp"), and an indirect
investment through its 39.8% interest in Vix Limited ("Vix"). Vix
owns an additional 26 million shares in Touchcorp. These shares
were valued by Utilico and Vix at A$0.92 per share as at 31
December 2014 and in Utilico's most recently reported net asset
value per share.
Touchcorp has today announced its intention to IPO on the
Australian Stock Exchange ("ASX"), at a price of A$1.40 per share,
which is a significant premium to the current valuation reflected
by both Utilico and Vix. Utilico will reflect an increased
valuation for both Touchcorp and Vix in its net asset value on the
date that Touchcorp's shares are admitted to trading on the ASX,
which is currently expected to be on 31 March 2015. Based on the
proposed Touchcorp IPO price of A$1.40 per share, Utilico's net
asset value per share will increase by approximately 8p per
share.
Charles Jillings,
Director ICM Limited
Investment Manager
Telephone 01372 271486
This information is provided by RNS
The company news service from the London Stock Exchange
END
PFUMMGMFGZLGKZM
Uil Fin 18 (LSE:UTLD)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Uil Fin 18 (LSE:UTLD)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024
Real-Time news about Uil Fin 18 (London Stock Exchange): 0 recent articles
Más de Utilico Fin 18 Artículos de Noticias