Business
Disposal of investment
Disposal of investment.
About this update from Panther Securities Plc
[{"type":"text","content":"\n \n 20 October 2009\n\n Panther Securities PLC \n (\"Panther\" or \"Group\") \n \n Cash received from sale of Rugby Estates Investment Trust plc holding \n\nPanther is pleased to announce that it has recently received £2,360,000 cash\nfollowing the sale of its entire holding in Rugby Estates Investment Trust plc\n(\"REIT\") being 5,770,000 ordinary shares.\n\nThis consideration for the sale represents a profit of £766,000 based on the\nwritten down net book value of the investment, which was included in the\nCompany's results for the six months ended 30 June 2009 as announced on 9\nSeptember 2009 (a profit of £651,000 based on written down net book value) as\nat 31 December 2008 and a loss of £1,030,000 based on the original cost of the\ninvestment.\n\nFor further information contact:\n\nPanther Securities PLC 020 7278 8011\nAndrew Perloff - Chairman \nSimon Peters - Finance Director \n\n\n\n\n\n \n ","length":1518,"tagName":"div"}]