Disposal of interest
January 15 2007 - 2:02AM
UK Regulatory
RNS Number:4985P
Falkland Islands Holdings PLC
15 January 2007
Falkland Islands Holdings plc
Sale of Falkland Gold and Minerals Limited Shares
Falkland Islands Holdings plc ("FIH") announces that on 12 January 2007 it
entered into an agreement to sell its entire shareholding in Falkland Gold and
Minerals Limited ("FGML") totalling 11,250,000 Ordinary shares comprising 14.4%
of the issued share capital of FGML.
The shares are being sold to RAB Special Situations (Master) Fund Limited (a
fund managed by RAB Capital plc) the largest shareholder in FGML for 6p per
share. The net consideration amounts to #673,000, generating a profit of
#473,000 for FIH. The funds will be used in FIH's businesses.
15 January 2007
Enquiries:
FIH
David Hudd, Chairman 07771 893 267
College Hill
Nick Elwes 020 7457 2020
This information is provided by RNS
The company news service from the London Stock Exchange
END
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