30th Apr 2016 09:14
LONDON (Alliance News) - Oakley Capital Investments Ltd on 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 listing magazine publisher.
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.
The Guardian newspaper said Oakley, which bought its stake in the 48-year-old publisher in 2010, intends to float the company on London's AIM market in June.
http://www.theguardian.com/media/2016/apr/29/time-out-plans-200m-stock-market-flotation
Time Out is aiming to float with a valuation of more than GBP200 million, according to Sky News.
http://news.sky.com/story/1687570/time-out-plots-another-kind-of-london-listing
Oakley Capital Investments shares closed up 0.7% at 145.00 pence per share on Friday.
By Joshua Warner; [email protected]; @JoshAlliance
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