29th Apr 2016 15:11
LONDON (Alliance News) - Oakley Capital Investments Ltd Friday said it has been advised by its investment adviser that a review of the investment in Time Out Group is being initiated, which may lead to a potential sale of the investment.
Oakley Capital Investments was advised of the review by investment adviser Oakley Capital Ltd, which will analyse the investment made in digital and print publisher Time Out Group.
Oakley Capital Investments said the review may lead to a "partial sale" of the investment which could enhance the net asset value of the company, but said there was no certainty a sale would happen.
Oakley Capital Investments shares were trading up 1.1% to 145.60 pence per share on Friday afternoon.
By Joshua Warner; [email protected]; @JoshAlliance
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