Disposal of Investment
May 20 2009 - 6:06AM
UK Regulatory
TIDMEVOL
RNS Number : 5647S
Evolve Capital PLC
20 May 2009
Evolve Capital plc ("Evolve" or the "Company")
Realisation of Investment
Further to the Company's announcement on 1 May 2009, Evolve is pleased to
announce that it has been able to realise its investment in WH Ireland Group plc
("WH Ireland") for 85 pence per share. The 1,119,550 WH Ireland shares were
sold for cash on 19 May 2009 and as a consequence Evolve no longer holds an
interest in WH Ireland shares.
Evolve acquired the shares with a view to benefiting from corporate activity
within the sector and the recent increase in liquidity and rise in the price of
WH Ireland shares, and their subsequent disposal, have enabled Evolve to realise
a profit of approximately GBP416,000 and to achieve its objective somewhat
sooner than anticipated.
Enquiries:
Evolve Capital PLC
Edward Vandyk Tel: 020 7937 4445
Fairfax I.S. PLC, Nominated Adviser
Jeremy Porter / Adam Hart Tel: 020 7598 5368
This information is provided by RNS
The company news service from the London Stock Exchange
END
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