Update Re: Proposed Return of Cash (8339B)
February 25 2011 - 2:00AM
UK Regulatory
TIDMDSN
RNS Number : 8339B
Densitron Technologies PLC
25 February 2011
Densitron Technologies plc ("Densitron" or the "Company")
Proposed Return of Cash
Further to the announcement made by the Board on 23 November
2010, the Board can now confirm that it intends to make an
exceptional return of 5 pence per ordinary share to shareholders
following the Group's disposal of its investment in Evervision
Electronics Co. Ltd by way of a return of capital and special
dividend.
The return of cash will require shareholder approval and the
Company expects to post a circular in March to shareholders
convening a General Meeting to approve arrangements to enable this.
Subject to the approval of shareholders and the Court, the cash
payments are expected to be made by the end of May 2011. A full
timetable will be set out within the circular.
Enquiries
Densitron
Grahame Falconer or Tim Pearson
Tel: 0207 648 4200
Westhouse Securities Limited
Tom Price or Martin Davison
Tel: 0207 601 6100
This information is provided by RNS
The company news service from the London Stock Exchange
END
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