Trinity Capital PLC Auction of Investment (0180P)
25 August 2017 - 7:50PM
UK Regulatory
TIDMTRC
RNS Number : 0180P
Trinity Capital PLC
25 August 2017
TRINITY CAPITAL PLC
auction OF investment
Trinity Capital PLC (the "Company") will offer at auction its
interest in a planned mixed-use development (formerly known as "MK
Malls") in Bandra Kurla Complex, a prime business district in
Mumbai, India. Bidders who participate in the auction will offer to
purchase the Company's Mauritian subsidiary, Trinity Capital
Mauritius Limited ("TCML"). TCML's only remaining investment in
India is its ownership of a minority interest (together with
relevant legal protections), in Trinity Capital (Ten) Limited
("TC-10"). TCML is entitled to receive all cash flows from TC-10's
holding of a class of preference shares issued by the project
development company, DB (BKC) Realtors Private Limited.
The Company will offer its interest in TCML in a "sealed
envelope" auction with unconditional bids to be received no later
than 23 September 2017. Further information is available from the
Company's website, http://www.trinitycapitalplc.com/, the Company's
Administrator, FIM Capital Limited, on enquiries@fim.co.im, or the
persons named below.
Following completion of the sale of TCML, the Board expects
to:
-- publish the Company's annual report for the financial year ended 31 March 2017;
-- effect a further distribution to shareholders; and
-- convene a shareholder meeting seeking approval to delist the
Company's shares from trading on AIM and to appoint a liquidator of
the Company.
The Board currently expects to complete these steps before the
end of 2017.
The Company will make further announcements in due course.
Enquiries:
FIM Capital Limited
Graham Smith +44 1624 681250
Arden Partners
Nominated Adviser and Broker
+44 207 614
Chris Hardie 5900
This information is provided by RNS
The company news service from the London Stock Exchange
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August 25, 2017 05:50 ET (09:50 GMT)
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