Holding(s) in Company
March 19 2003 - 12:45PM
UK Regulatory
RNS Number:9637I
Jarvis Porter Group PLC
19 March 2003
JARVIS PORTER GROUP PLC ("the Company")
Announcement
19 March 2003
The Company announces that it has acquired a further 3,425,000 ordinary shares
in the capital of European Colour plc ("European Colour"):-
Date of Purchase No. of ordinary 5p shares Price paid per ordinary
5p share
18.03.2003 3,425,000 20 9/16p
Accordingly, the Company's aggregate holding in European Colour is now 8,966,616
ordinary 5p shares representing an increase from 11.89% to 19.25% of its issued
ordinary share capital.
European Colour is a specialist supplier of organic pigments to the printing
ink, paint and plastics industries whose shares are quoted on the Official List
of the London Stock Exchange.
In October 2002 the Company last reported it held #11m in cash and advised that
opportunities for investment were being sought. The Company previously acquired
5,541,616 shares in European Colour, during February 2003. The Board considers
that European Colour continues to represent a good investment opportunity with
headline earnings per share (diluted - before goodwill amortisation and
exceptional items) of 2.98p as at 30 September 2002.
Enquiries:
Michael Maher, Non Executive Chairman 01252 747900 or 07785 307260
Ian Seaton, Bankside Consultants 020 7444 4157
This information is provided by RNS
The company news service from the London Stock Exchange
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