Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Disposal of minority holding

28th Apr 2016 07:00

RNS Number : 6110W
Sky PLC
28 April 2016
 

Disposal of minority holding

 

Sky plc ("Sky") announces that is has disposed of its minority holding in Net Power & Light, the video-based collaboration technology company to Wickr, a secure communications company (the "Transaction"), as part of the acquisition of Net Power & Light by Wickr. Sky will receive shares in Wickr as consideration, which it intends to hold.

 

Notes to editors:

 

1) References to Net Power & Light and Wickr are to Net Power & Light Inc. and Wickr Inc. respectively

2) Gross assets subject to this transaction were $1.4m

3) Profits attributable to the assets subject to this transaction were $nil

 

For more information:

Sky Corporate Communications

[email protected]

Tel: 0333 100 2333

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DISEVLBLQZFXBBV

Related Shares:

Sky
FTSE 100 Latest
Value8,713.49
Change-72.97