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Investment Update

14th Jun 2013 11:05

RNS Number : 0773H
Tricor PLC
14 June 2013
 



Tricor plc

("Tricor" or the "Company")

 

Investment Update

 

Tricor announces that it has disposed of its remaining investments in Glencore International plc, Eurasian Natural Resources Corporation plc, BP plc and Rio Tinto plc. Tricor has decided to dispose of these investments in listed natural resources companies due to the continued uncertain outlook in relation to the equity markets. The total sales proceeds from the disposals has amounted to £360,000, resulting in a total gross loss on disposal of £40,000. The sales proceeds will be used to satisfy the loans that were secured by these investments, and the balance of £40,000 is repayable on 30 June 2014.

The Company will continue to seek investment opportunities in line with its investing policy as well as focus on its remaining investments in Tricor Environmental Pte Ltd, Tricor Minerals Pte Ltd and Tricor Resources Trading Pte Ltd.

Further details on Tricor and its current investments can be found on the Company's website www.tricor-plc.org.uk.

 

 

Enquiries:

 

Tricor Plc

Chan Fook Meng

Chairman/CEO

 

+65 62362985

www.tricor-plc.org.uk

Allenby Capital Ltd (Nominated Adviser & Broker)

Jeremy Porter

Nick Naylor

James Reeve

 

+44 (0)20 3328 5656

 

Blythe Weigh

Paul Weigh

+44 (0) 207 138 3208

 

 

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