TVCH Tvc Hldgs

TIDMTVCH

RNS Number : 7337C

TVC Holdings PLC

19 March 2014

TVC Holdings plc

('TVC' or the 'Company')

TVC Announces Sale of its Stake in Dalata Hotel Group p.l.c. ("Dalata")

Realising a Profit Over Carrying Value of EUR13.4 million

TVC Holdings plc, the investment holding company, today (Thursday, 20 March 2014) announced that it subscribed EUR15 million for new shares in Dalata's IPO and has subsequently disposed of its entire shareholding of 11.08 million shares in Dalata for a total consideration of EUR30.4 million, realising a profit over carrying value on disposal of EUR13.4 million.

Contact information:

TVC Holdings plc

Shane Reihill, Executive Chairman

John Tracey, Chief Executive Officer

Tel: +353-1-205 7700

Davy

John Frain

Roland French

Tel: + 353-1-679 6363

Murray Consultants

Pauline McAlester

Tel: +353-1-498 0300

This information is provided by RNS

The company news service from the London Stock Exchange

END

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