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Portfolio Update

20th Apr 2010 16:00

RNS Number : 4968K
Trikona Trinity Capital PLC
20 April 2010
 

Trikona Trinity Capital PLC

(the "Company")

Investment Update 

Trikona Trinity Capital Plc (AIM:TRC), today announces the sale of part of its investment in Indian healthcare company, Fortis Healthcare Limited ('Fortis').

On 19 April 2010, the Company sold 5,053,097 shares in Fortis at an average price of INR 160.05 per share, for settlement on 22 April 2010, giving a total net consideration, after accounting for transaction costs, of approximately GBP 11.1 million. The closing price of the Fortis shares on 19 April, 2010 was INR 160.80 per share.

The Company acquired 8 million shares during January and February 2007 for GBP 13.5 million and has therefore realised a pro rata profit on this sale of approximately GBP 2.6 million.

In the Company's latest Interim Results, as at 30 September 2009, the carrying value of the investment in Fortis was GBP 11.6 million.

Enquiries:

 

Hogarth

Tim McCall / Julian Walker / 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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