shareholder dealings
July 24 2003 - 8:45AM
UK Regulatory
RNS Number:9270N
Centurion Electronics PLC
24 July 2003
Centurion Electronics plc
Shareholder Dealings and Trading Update
Centurion Electronics plc ("Centurion" or the "Company"), a UK market leader in
the field of in-car audio-visual entertainment, announces the following changes
to the Company's shareholdings.
On 23 July 2003, it was announced that HSBC Ventures (UK) Limited, the initial
venture capital funder of Centurion, had sold 945,000 ordinary shares in the
Company resulting in its holding in the Company's issued share capital being
reduced to 11.37%. On the same day it was announced that Herald Investment Trust
had acquired 1,000,000 ordinary shares (being 4.76% of the Company's issued
share capital).
Today, in order to satisfy additional demand from institutional and other
investors, and to provide greater liquidity in the Company's ordinary shares,
Steven Cunningham, Chairman of Centurion, has sold 1,000,000 ordinary shares
(being 4.76 per cent. of the Company's issued share capital) to institutional
and other investors, through Daniel Stewart & Company PLC, the Company's broker.
Following these sales, Mr Cunningham now holds 8,700,000 ordinary shares (being
41.43 per cent. of the Company's issued share capital).
Current trading remains healthy and the Directors are confident that profits for
the year ending 30 September 2003 will be in line with market expectations.
For further information please visit www.ceplc.net or contact:
Steven Cunningham Lindsay Mair Rosie Brown
Chairman John Prior Melissa Hubbard
Centurion Electronics Corporate Synergy Tavistock Communications
Tel: 01707 330550 Tel: 020 7626 2244 Tel: 020 7600 2288
steven@ceplc.net lmair@corporatesynergy.co.uk rbrown@tavistock.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
STRRIMTTMMJTBRJ