TIDMEVOL TIDMASTR 
 
RNS Number : 8685R 
Evolve Capital PLC 
31 August 2010 
 

                              Evolve Capital plc 
                          ("Evolve" or the "Company") 
                    Strategic update from Astaire Group plc 
The Board  of Evolve notes the announcement that has been released this morning 
by Astaire Group plc ("Astaire"), a company in which Evolve has a 53.6 per cent. 
interest, providing an update on its strategic review, details of which were 
originally announced by Astaire on 15 July 2010. 
The full text of the announcement released by Astaire is set out below. 
For further information please contact: 
 
+---------------------------------------------+----------------------+ 
| Evolve Capital plc                          |                      | 
| Oliver Vaughan, Chairman                    | Tel: 020 7937 4445   | 
|                                             |                      | 
+---------------------------------------------+----------------------+ 
| Allenby Capital Limited                     |                      | 
| Nick Naylor                                 | Tel: 020 3328 5656   | 
| Nick Athanas                                |                      | 
+---------------------------------------------+----------------------+ 
 
 
"On 15 July 2010, the Board of Astaire Group PLC ("Astaire" or the "Group") 
announced that following a strategic review the Board had commenced discussions 
with a number of parties with a view to either achieving a change in majority 
ownership of the Group, which would be likely to be achieved by way of a share 
subscription or a change in majority ownership of the main operating businesses. 
 
The discussions with a potential new investor about a share subscription leading 
to a change of control of Astaire did not reach a mutually acceptable 
conclusion.  However progress has been made in relation to the possible sales of 
the main operating businesses:- Astaire Securities PLC; and Rowan Dartington 
Limited. 
 
After conducting a disposal process which involved soliciting and evaluating 
several indicative offers for Astaire Securities PLC, two preferred potential 
buyers have been selected and are engaged in detailed negotiations.  However, 
there is no guarantee that any sale, which will be subject to regulatory 
consents and approvals, will be completed. 
 
Further announcements will be made in due course." 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCDMGFRGMGGGZM
Astaire Group (LSE:ASTR)
Historical Stock Chart
From Dec 2024 to Jan 2025 Click Here for more Astaire Group Charts.
Astaire Group (LSE:ASTR)
Historical Stock Chart
From Jan 2024 to Jan 2025 Click Here for more Astaire Group Charts.