Pires Investments PLC Rame Energy Plc Disposal (2563L)
30 September 2016 - 4:00PM
UK Regulatory
TIDMPIRI
RNS Number : 2563L
Pires Investments PLC
30 September 2016
Pires Investments Plc
("Pires" or the "Company")
Rame Energy Plc Disposal
The directors of Pires note the Rame Energy Plc ("Rame")
announcement made on 26th September 2016 in respect of the planned
disposal of its interests in Seawind Holding SpA and its operating
subsidiaries in Chile.
Although this disposal significantly reduces the value of the
Company's investment in Rame, the directors of Pires continue to
review opportunities for investment that will restore and enhance
shareholder value. An update will be provided in due course.
The directors of Pires believe that the Company has sufficient
working capital for its current needs following the facility
announced on 28 July 2016.
Enquiries:
Pires Investments plc Tel: 0207 580 7576
Peter Redmond, Director
Nominated Adviser Tel: 020 7148 7900
Cairn Financial Advisers
LLP
Liam Murray / Tony Rawlinson
Broker Tel: 020 7469 0930
Peterhouse Corporate Finance
Limited
Duncan Vasey / Lucy Williams
This information is provided by RNS
The company news service from the London Stock Exchange
END
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