Business
Disposal of interest
Disposal of interest.
About this update from Fih Group Plc
[{"type":"text","content":"\n Falkland Islands Holdings PLC\n15 January 2007\n\n\n\nFalkland Islands Holdings plc\n\nSale of Falkland Gold and Minerals Limited Shares\n\n\nFalkland Islands Holdings plc ('FIH') announces that on 12 January 2007 it\nentered into an agreement to sell its entire shareholding in Falkland Gold and\nMinerals Limited ('FGML') totalling 11,250,000 Ordinary shares comprising 14.4%\nof the issued share capital of FGML.\n\n\nThe shares are being sold to RAB Special Situations (Master) Fund Limited (a\nfund managed by RAB Capital plc) the largest shareholder in FGML for 6p per\nshare. The net consideration amounts to £673,000, generating a profit of\n£473,000 for FIH. The funds will be used in FIH's businesses.\n\n\n\n 15 January 2007\n\nEnquiries:\n\n\nFIH\nDavid Hudd, Chairman 07771 893 267\n\n\nCollege Hill\nNick Elwes 020 7457 2020\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange \n ","length":1293,"tagName":"div"}]