TVC Holdings PLC TVC Announces Sale of its Stake in Dalata (7337C)
19 März 2014 - 7:27PM
UK Regulatory
TIDMTVCH
RNS Number : 7337C
TVC Holdings PLC
19 March 2014
TVC Holdings plc
('TVC' or the 'Company')
TVC Announces Sale of its Stake in Dalata Hotel Group p.l.c.
("Dalata")
Realising a Profit Over Carrying Value of EUR13.4 million
TVC Holdings plc, the investment holding company, today
(Thursday, 20 March 2014) announced that it subscribed EUR15
million for new shares in Dalata's IPO and has subsequently
disposed of its entire shareholding of 11.08 million shares in
Dalata for a total consideration of EUR30.4 million, realising a
profit over carrying value on disposal of EUR13.4 million.
Contact information:
TVC Holdings plc
Shane Reihill, Executive Chairman
John Tracey, Chief Executive Officer
Tel: +353-1-205 7700
Davy
John Frain
Roland French
Tel: + 353-1-679 6363
Murray Consultants
Pauline McAlester
Tel: +353-1-498 0300
This information is provided by RNS
The company news service from the London Stock Exchange
END
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