Provide Commerce share sale
July 08 2004 - 10:42AM
UK Regulatory
RNS Number:6455A
Stanley Gibbons Group Limited
08 July 2004
The Stanley Gibbons Group Limited
("Stanley Gibbons" or "the Company")
The Board of Stanley Gibbons is pleased to announce that the Company's entire
holding of 220,922 shares in Provide Commerce, Inc has now been sold by way of a
secondary offering undertaken by Provide Commerce, Inc. The shareholding was
carried in the Company's last reported balance sheet at a value of #223,000 and
the sale generated net proceeds of US$4,087,264 (#2,208,138) for Stanley
Gibbons..
Plans for the return of surplus cash to shareholders will be announced with the
Company's interim results on 30 July 2004.
For further information, contact:
The Stanley Gibbons Group Limited
Paul Fraser, Chairman 020 7836 8444
Michael Hall, Chief Executive 01425 472363
Seymour Pierce Limited
Louise Carpenter ) 020 7107 8000
Jonathan Wright )
This information is provided by RNS
The company news service from the London Stock Exchange
END
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