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Update Re: Proposed Return of Cash

25th Feb 2011 07:00

RNS Number : 8339B
Densitron Technologies PLC
25 February 2011
 



Densitron Technologies plc ("Densitron" or the "Company")

Proposed Return of Cash

Further to the announcement made by the Board on 23 November 2010, the Board can now confirm that it intends to make an exceptional return of 5 pence per ordinary share to shareholders following the Group's disposal of its investment in Evervision Electronics Co. Ltd by way of a return of capital and special dividend.

The return of cash will require shareholder approval and the Company expects to post a circular in March to shareholders convening a General Meeting to approve arrangements to enable this. Subject to the approval of shareholders and the Court, the cash payments are expected to be made by the end of May 2011. A full timetable will be set out within the circular.

 

Enquiries

Densitron

Grahame Falconer or Tim Pearson

Tel: 0207 648 4200

 

Westhouse Securities Limited

Tom Price or Martin Davison

Tel: 0207 601 6100

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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