Business
Sale of Powerwave shares
Sale of Powerwave shares.
About this update from Filtronic Plc
[{"type":"text","content":"\n Filtronic PLC\n24 April 2007\n\n24 April 2007\n\n\n\n\n\n Sale of Powerwave Technologies Inc. shares\n\n\n\nSince the results statement on 29th January 2007, Filtronic plc has sold a\nfurther 6.9m shares of Powerwave Technologies Inc. ('Powerwave') common stock,\nrealising net proceeds of £19.0m. Total net proceeds from the sale of Powerwave\nshares is now £43.2m. As a result Filtronic yesterday evening filed an amendment\nto its Schedule 13G on file with the SEC as required under the Securities\nExchange Act of 1934, reporting that it holds 3,409,000 of common stock in\nPowerwave, representing 2.6 percent of this class of security.\n\n\n\n\nContact details:\n\nFiltronic plc:\nCharles Hindson, CEO 07800 706 319 (mobile)\n\nParkgreen Communications: 020 7493 37166\nPaul McManus 07980 541 893 (mobile)\n\n\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange \n ","length":1038,"tagName":"div"}]