Holding in Poole Investments
10 August 2007 - 2:31AM
UK Regulatory
RNS Number:8515B
Judges Capital PLC
09 August 2007
JUDGES CAPITAL plc
RE: Holding in Poole Investments plc
The Board of Judges Capital plc ("Judges") is pleased to note that Inland plc
has today announced a recommended cash offer ("Offer") for Poole Investments plc
("Poole"). The Offer of 6p per share values the issued share capital of Poole
at #11.1 million and is conditional, inter alia, on 90% acceptances.
Judges holds 5.7 million shares in Poole (3.08%). David Cicurel, Judges' Chief
Executive, is a Non-Executive Director of Poole.
The shareholding in Poole, acquired for #200,000 (equivalent to 3.5p per share),
is the last significant investment held by Judges under the Company's previous
investment strategy. Should the Offer become unconditional, Judges would
realise a gain of #142,000 before taxation. The cash proceeds of #342,000 would
be added to the cash balances available to develop the Company's scientific
instruments business.
Judges is supportive of the Offer which it has irrevocably undertaken to accept.
David Cicurel Securities Limited, which holds 2.2% of Poole's issued share
capital, has also irrevocably undertaken to accept the Offer.
For further information
Ralph Cohen - Finance Director Judges Capital plc 01342 323 600
Alex Borelli - Nominated Adviser Shore Capital & Corporate Limited 0207 408 4090
This information is provided by RNS
The company news service from the London Stock Exchange
END
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