Holding in European Colour
August 04 2003 - 12:48PM
UK Regulatory
RNS Number:3127O
Jarvis Porter Group PLC
04 August 2003
For immediate release
4 August, 2003
JARVIS PORTER GROUP PLC
("Jarvis Porter" or "the Company")
Disposal of Holding in European Colour plc ("European Colour")
The Company announces that, on 4 August, 2003, it disposed of its entire holding
of 13,851,616 ordinary 5p shares in European Colour, representing 29.73 per
cent. of European Colour's issued ordinary share capital, at a price of 28.25p
per share.
As previously announced, the aggregate shareholding in European Colour was
acquired at various intervals between 21 February, 2003 and 1 May, 2003, at an
average book cost of approximately 20.52p per share, in the belief that it
represented a good investment opportunity. Accordingly, the aggregate proceeds
of #3.91 million are expected to give rise to a capital gain before disposal
costs of approximately #1.07 million.
Following the disposal, the Company no longer has an interest in the shares of
European Colour.
Enquiries:
Stephen Bannister
Group Finance Director, Jarvis Porter
Tel: 01724 291 205
This information is provided by RNS
The company news service from the London Stock Exchange
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