Business
Holding in Poole Investments
Holding in Poole Investments.
About this update from Judges Scientific Plc
[{"type":"text","content":"\n Judges Capital PLC\n09 August 2007\n\n\n\nJUDGES CAPITAL plc\n\n\nRE: Holding in Poole Investments plc\n\n\nThe Board of Judges Capital plc ('Judges') is pleased to note that Inland plc\nhas today announced a recommended cash offer ('Offer') for Poole Investments plc\n('Poole'). The Offer of 6p per share values the issued share capital of Poole\nat £11.1 million and is conditional, inter alia, on 90% acceptances.\n\nJudges holds 5.7 million shares in Poole (3.08%). David Cicurel, Judges' Chief\nExecutive, is a Non-Executive Director of Poole.\n\nThe shareholding in Poole, acquired for £200,000 (equivalent to 3.5p per share),\nis the last significant investment held by Judges under the Company's previous\ninvestment strategy. Should the Offer become unconditional, Judges would\nrealise a gain of £142,000 before taxation. The cash proceeds of £342,000 would\nbe added to the cash balances available to develop the Company's scientific\ninstruments business.\n\nJudges is supportive of the Offer which it has irrevocably undertaken to accept.\n David Cicurel Securities Limited, which holds 2.2% of Poole's issued share\ncapital, has also irrevocably undertaken to accept the Offer.\n\n\nFor further information\n\nRalph Cohen - Finance Director Judges Capital plc 01342 323 600\nAlex Borelli - Nominated Adviser Shore Capital & Corporate Limited 0207 408 4090\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange \n ","length":1552,"tagName":"div"}]