22nd Oct 2018 16:57
LONDON (Alliance News) - Johnston Press PLC said Monday that Majedie Asset Management Ltd sold its entire stake in the company.
Majedie previous holding in the company before the sale was 7.23%
Johnston Press shares closed 84% higher at 4.10 pence. Majedie Investments PLC closed down 1.4% at 276.00p.
Earlier in October, the newspaper publisher put itself up for sale to maximise shareholder value and repay its outstanding GBP220 million 8.625% senior secured notes due on June 1, 2019.
Last Friday, Custos Group AS increased its stake in the multimedia news company to 25%.