23rd Dec 2005 07:00
CSS Stellar PLC23 December 2005 CSS STELLAR PLC RE-ORGANISATION OF GEM NORTH AMERICA Friday 23 December 2005 CSS Stellar PLC ("CSS" or "the Company") today announced that it hassubstantially completed its re-organisation of GEM North America as outlined inthe 2005 interim announcement. GEM Minneapolis is now in a separate legal entity from the other US businessesof GEM, and is being managed by its new CEO, David Kuettel. As part of there-organisation an incentive scheme has been put in place whereby the GEMMinneapolis management are incentivised on their own operations. Consequentlythe Group has disposed of 25% of GEM Minneapolis in exchange for 318,785 sharesin CSS valued at £143,453 at 45p per share. These shares will be held in treasury. - end - For further information contact: CSS Stellar Tel: 020 7078 1400Sean Kelly, Chief ExecutiveKevin Rose, Finance Director Buchanan Communications Tel: 020 7466 5000Bobby Morse, Rebecca Skye Dietrich This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Primorus Inv.