15th Jan 2007 07:01
Falkland Islands Holdings PLC15 January 2007 Falkland Islands Holdings plc Sale of Falkland Gold and Minerals Limited Shares Falkland Islands Holdings plc ("FIH") announces that on 12 January 2007 itentered into an agreement to sell its entire shareholding in Falkland Gold andMinerals Limited ("FGML") totalling 11,250,000 Ordinary shares comprising 14.4%of the issued share capital of FGML. The shares are being sold to RAB Special Situations (Master) Fund Limited (afund managed by RAB Capital plc) the largest shareholder in FGML for 6p pershare. The net consideration amounts to £673,000, generating a profit of£473,000 for FIH. The funds will be used in FIH's businesses. 15 January 2007 Enquiries: FIHDavid Hudd, Chairman 07771 893 267 College HillNick Elwes 020 7457 2020 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Fih GroupBPC.L