29th Jul 2010 07:00
Trikona Trinity Capital PLC
(the "Company")
Investment Update
Pursuant to the announcements by Trikona Trinity Capital PLC (AIM:TRC) on 22 June and 30 June 2010 regarding the sale of its investment in DB Hospitality Private Limited ('DBH') by one of the Company's Mauritian wholly-owned subsidiaries, the buyer has requested a further extension of time to 31 October 2010. The Company has agreed to the extension subject to the payment of a non refundable deposit of approximately £1.4 million being 10% of the full consideration, which has been made, together with interest on the unpaid balance.
A further announcement will be made in due course.
Enquiries:
Hogarth
Tim McCall / James White +44 207 357 9477
IOMA Fund and Investment Management Limited
Philip Scales, Director +44 1624 681250
Evolution Securities
Nominated Adviser and Joint Broker
Bobbie Hilliam / Chris Clarke, Corporate Finance +44 207 071 4300
Arden Partners plc, Joint Broker
Chris Hardie, Corporate Finance +44 207 614 5917
Related Shares:
The Revel Collective