No-9951J-Company Update
No-6748H-Recommended Proposals for: cancellation of admission to trading on AIM; introduction of a new parent company by means of a scheme of arrangement; and tender offer to buy back up to 20 per cent. of issued shares at 150p per share
November 20, 20184266K-Results of Court Meeting and General Meeting
December 13, 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 £0.5 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 £2 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 |