Aladdin increases stake
June 12 2007 - 2:01AM
UK Regulatory
RNS Number:1672Y
Europe Vision PLC
12 June 2007
Europe Vision plc
(The 'Company')
Aladdin Investment Services Ltd increases holding in Europe Vision to 31.58 per
cent
Europe Vision, the AIM listed studio-to-screen European media company, announces
that Tritel Investments Inc will transfer its entire holding of Ordinary Shares
in the Company to its parent company, Aladdin Investment Services Ltd,
(Aladdin).
Aladdin currently holds 9,000,000 shares representing six per cent of the
Company. The transfer will take place on 3 July 2007 after which Aladdin's
holding will be 43,920,955 Ordinary Shares, representing 31.58 per cent of the
Company's total issued share capital.
The Company is not subject to the City Code on Takeovers and Mergers (the
"Code") as the central management is outside of the United Kingdom and there is
no mandatory bid obligation following Aladdin's increase in its holding above 30
per cent of the voting rights of the Company.
- Ends -
Enquiries:
Europe Vision plc
David Lowe, Chairman
Bell Pottinger Corporate and Financial
Olly Scott 078 1234 5205
This information is provided by RNS
The company news service from the London Stock Exchange
END
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