10th Dec 2007 07:00
Cenkos Securities PLC10 December 2007 Cenkos Securities plc ("Cenkos Securities") Partial disposal of shareholding in Cenkos Channel Islands Limited Cenkos Securities today announces that it has entered into a placing agreement,dated 6 December 2007, with Ozannes Securities Limited and Cenkos ChannelIslands Limited ("Cenkos CI") for the disposal of 1,400,000 ordinary shares inCenkos Channel Islands Limited, representing 14 per cent. of Cenkos CI's issuedshare capital. The disposal is expected to generate £1,400,000 for CenkosSecurities. Completion of the placing of these ordinary shares is conditionalupon, inter alia, admission of Cenkos CI to the Channel Islands Stock Exchange.Following this disposal, Cenkos Securities will hold 50% of the issued sharecapital in Cenkos CI. Completion is expected to occur later this week. Enquiries: Simon Melling Finance Director Cenkos Securities plc 020 7397 8900 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
CNKS.L