18th Mar 2008 07:30
Flomerics Group PLC18 March 2008 Flomerics Group plc "Flomerics" or '"the Company" Sale of additional significant shareholding On 14 March 2008, the Board of Flomerics, the global supplier of simulationsoftware, announced that it understood that Pricap Venture Partners AG had soldits entire interest in shares of the Company to Mentor Graphics Corporation(Nasdaq: MENT) in an off-market transaction. This interest represented 20.0% ofthe share capital of the company, as enlarged by the issue of further shares toPricap in relation to the acquisition of NIKA GmbH. The Board has now been advised that Bluehone Investors LLP has sold its entire1.38m shareholding in the Company, representing approximately 6.38% of theexisting issued share capital of the company (6.2% of the enlarged sharecapital) to Mentor Graphics Corporation. The sale price of 104p per sharecompares to the mid market price at the time of sale of 62p per share. 18 March 2008 Enquiries: FlomericsGary Carter: 0208 487 3000Keith Butcher: 0208 487 3000 Oriel Securities LimitedAndrew Edwards 020 7710 7618David Arch 020 7710 7618 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Flowtech Fluid.