3rd Jul 2009 16:10
3 July 2009
RAPID REALISATIONS FUND LIMITED
("Rapid" or "the Fund")
Transaction in Own Shares
Rapid Realisations Fund Limited (AIM: RRF), today announces that on 2 July 2009 it purchased 1,150,000 ordinary shares in the Fund ("Ordinary Shares") at 83p each.
As a result of this transaction, the Fund holds 1,960,000 Ordinary Shares in treasury, which are to be cancelled, and has 58,040,000 Ordinary Shares in issue (excluding shares held in treasury).
Cenkos Channel Islands Nominee Company Limited, a company in the same group as Cenkos Fund Managers Limited, the Investment Manager to the Fund, participated in this transaction and acquired on behalf of the Fund a further holding of 1,150,000 Ordinary Shares at 83p each.
As a result, Cenkos Channel Islands Nominee Company Limited is interested in 3,360,829 Ordinary Shares which represents 5.6% of the Company's total voting rights.
-ends-
For further information
Steve Charnock
Cenkos Fund Managers Limited +44 (0) 1942 271 746
Nominated Adviser Grant Thornton UK LLP
Philip Secrett +44 (0) 20 7383 5100
Note
http://www.rapidrealisations.com
Related Shares:
RRF.L