Promethean PLC Update on Sale of TIS Group (2405A)
March 18 2013 - 7:24AM
UK Regulatory
TIDMPTH
RNS Number : 2405A
Promethean PLC
18 March 2013
18 March 2013
Promethean PLC ("Promethean" or the "Company")
Further to previous announcements in relation to the process for
the sale of the Company's investment in T.I.S. Group ("TIS"), the
Company has been informed that the previously adjourned Protected
Asset TEP Fund plc ("PATF") participating shareholders class
meeting, due to take place on 15th of March 2013, has now been
adjourned indefinitely.
The Board remains in constructive discussions with PATF in
relation to TIS and is also continuing discussions with the Manager
about other options for an optimal exit from the TIS holding. A
further announcement will be made in due course.
Enquiries:
Sir Peter Burt
Promethean PLC +44 (0) 207 479 7660
Stuart Gledhill
S. P. Angel Corporate Finance LLP: +44 (0)20 3463 2260
This information is provided by RNS
The company news service from the London Stock Exchange
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