27th May 2005 18:19
White Nile Limited27 May 2005 WHITE NILE LIMITED ("White Nile" or "the Company") Further to an announcement earlier today with respect to a proposed placing, inorder to assist with the liquidity of the market, the Company has agreed thatthose who have given irrevocable undertakings in favour of the resolution to beput to shareholders on 16 June 2005 should be allowed to sell up to 35% of theirholding in the Company. This does not apply to Directors or others who but forthe irrevocable undertakings would be subject to lock-in arrangements. Consideration will be given as to when to complete the placing at the mostappropriate time but this will not be before the Extraordinary General Meeting. It is anticipated that trading in the Company's shares will be restored nextweek. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Agriterra Ld