26th Jan 2007 07:01
Mission Capital PLC26 January 2007 STOCK EXCHANGE ANNOUNCEMENT MISSION CAPITAL PLC 26 January 2007 Disposal of shareholding in Abraxus Investments Plc Mission Capital Plc ("Mission Capital" or the "Company") announces thatyesterday sold its entire holding of 10,041,740 ordinary shares in AbraxusInvestments Plc ("Abraxus"), representing approximately 29.15 per cent. ofAbraxus' issued share capital, for 6.5p per share. This gives MissionCapital gross proceeds of £652,713 in cash which represents a profit to the£648,188 held in the Company's consolidated balance sheet as at 30 September2006. The Company intends to continue to explore investment or acquisitionopportunities in line with its stated strategy. Chairman Neil Sinclair said: "We are very satisfied with the price achievedhaving regard to the market price and net asset value of Abraxus InvestmentsPlc." ENDS For further enquiries: Mission Capital plcNeil Sinclair (Chairman) Tel: 020 7917 2797Emma Sinclair (Managing Director) Tel: 020 7917 2799 Hudson SandlerMichael Sandler/Kate Hough Tel: 020 7796 4133 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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