Business
Statement Re Siegfried Holdin
Statement Re Siegfried Holdin.
About this update from Camellia Plc
[{"type":"text","content":"\n RNS Number : 1169I Camellia PLC 05 March 2010 \n \n\n5 March 2010\n \nCamellia Plc\n \nStatement re: Siegfried Holding AG\n \nSiegfried Holding AG (\"Siegfried\"), a company in which Camellia Plc (\"Camellia\") holds, through one of its subsidiaries, 903,680 shares representing 32.3% of Siegfried's issued share capital, has today announced an intention to raise CHF80 million of new funding to be used in support of its growth strategy. In considering its portfolio of investments, the Board of Camellia has decided not to participate in this fundraising and believes it would be in the best interests of Camellia shareholders for it to seek to dispose of its investment in Siegfried at this time providing an acceptable price can be obtained.\n \nSeveral independent investors have shown interest in participating in the proposed fundraising and such investors have also shown interest in purchasing Camellia's shares in Siegfried under certain conditions. However there can be no certainty at this time that the sale of Camellia's interest in Siegfried will be completed, whether the entire holding will be sold or as to the terms of any sale.\n \nA further announcement will be made as appropriate.\n \nEnquiries:\n \nMalcolm Perkins, Chairman\nCamellia Plc\nTel: 01622 746655\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END STRQZLFBBXFBBBV \n ","length":2004,"tagName":"div"}]