Business
Distribution from associated
Distribution from associated.
About this update from Primorus Investments Plc
[{"type":"text","content":"\n RNS Number : 4301Z CSS Stellar PLC 13 January 2011 \n \n\nCSS Stellar plc (the \"Company\")\nDistribution from associated company\nThe Company is pleased to announce that it has received a special distribution of approximately $430,000 from its US associated company further to the announcement of 17 December 2010. Net of costs, this represents a surplus of approximately $250,000 for the Company.\n \nJulian Jakobi, Chairman, said: \"This distribution together with the collection of receivables from motorsports has improved the cash and net asset position of the Company. Coupled with the recent material costs savings, the board feels it is well placed to pursue its proposed Investing Policy details of which will be included in a circular to be sent to shareholders shortly.\"\n\nFor further information please contact:\n\n\n\n\nJulian Jakobi\n\n\nCSS Stellar plc\n\n\n07785 317202\n\n\n\n\n\nLuke Cairns / Edward Hutton\n\n\n\nNorthland Capital Partners Limited\n\n\n020 7492 4750\n\n\n\n\n\n \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCUOAORABAAAAR \n ","length":2504,"tagName":"div"}]