Part disposal of investment
July 19 2005 - 9:05AM
UK Regulatory
Innobox Plc (the "Company")
19 July 2005
Part Disposal of Investment
The Company announces that it sold 1,340,000 ordinary shares in AeroBox Plc
("AeroBox") at a price of 7 pence per share on 18 July 2005. In the Company's
report and accounts for the year ended 30 April 2004, the Company's
shareholding in AeroBox was valued at 20 pence per share. Therefore, this
disposal represents a loss on disposal of �174,200. Following this disposal,
the Company holds 1,910,002 ordinary shares in AeroBox.
The funds raised from the disposal will be used to further develop the
Company's strategy in the hotels and licensed premises sector.
Enquiries:
Russell Stevens 07860 562621
Chief Executive, Innobox Plc russell@innobox.co.uk
David Simmons 0161 838 9140
Westhouse Securities LLP david.simmons@westhousesecurities.com
END
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