RMA Rasmala

TIDMRMA

RNS Number : 9951J

Rasmala PLC

10 December 2018

10 December 2018

Rasmala PLC

("Rasmala" or the "Company")

Company update

The Company notifies that it is currently in negotiations to dispose of a non-core asset which generated a net profit of GBP0.5 million in the year to 31 December 2017. Whilst there is no certainty of the outcome, a disposal would be expected to generate a profit in excess of GBP2 million. The sale proceeds would be re-invested into operations.

Enquiries:

 
 Rasmala PLC                    Tel: +44 (0)20 7847 9900 
-----------------------------  ------------------------- 
 Zak Hydari, CEO 
-----------------------------  ------------------------- 
 Stockdale Securities           Tel: +44 (0)20 7601 6100 
-----------------------------  ------------------------- 
 Antonio Bossi / David Coaten 
-----------------------------  ------------------------- 
 

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END

UPDBDBDDRUBBGIG

(END) Dow Jones Newswires

December 10, 2018 07:59 ET (12:59 GMT)

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