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Investment Update

29th Jul 2010 07:00

RNS Number : 1211Q
Trikona Trinity Capital PLC
29 July 2010
 



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

 

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