23rd Nov 2007 13:38
Graphite Enterprise Trust PLC23 November 2007 ANNOUNCEMENT TO STOCK EXCHANGE GRAPHITE ENTERPRISE TRUST PLC 23 NOVEMBER 2007 PART DISPOSAL OF FTSE OPTION Graphite Enterprise Trust PLC (the "Company") announces that it has today sold afurther 25% of the FTSE 100 call option ("the Option") which was acquired inOctober 2005. A total of half of the option has now been sold. The proceeds of the disposal were £7.6 million. Total cash proceeds to date are£17.3 million representing 123% of the cost of the Option of £14.0 million. Thevalue of the Option immediately after the disposal was £15.2 million and itprovided continuing exposure to the Index of approximately £70 million. For further information please contact: William Eccles 020 7825 5300 Tim Spence 020 7825 5300 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
ICG Enterprise Trust