Disposal

RNS Number : 7807T

Assura Group Limited

11 June 2009

 



This announcement is not for release, publication or distribution, directly or indirectly, in or into the United States, Canada, South Africa, Australia, Japan or any jurisdiction in which the same would be unlawful. This announcement is not an offer of securities in the UK, United States, Canada, South Africa, Australia, Japan or any jurisdiction in which the same would be unlawful.

11 June 2009

Assura Group Limited ('Assura' or the 'Company')

Disposal

The Board of Assura announces that Assura has sold its remaining interest in Stobart Group Limited ('Stobart').

Assura has sold 6,382,474 ordinary shares (the 'Shares') in Stobart, one of the UK's leading providers of multimodal transport and logistics solutions, at a price of £1.00 per share, to institutional investors. The Shares, which were sold for an aggregate value of £6.38 million, were valued at £5.74 million in Assura's books on 30 September 2008. The disposal is consistent with the Company's revised strategy to selectively dispose of non-core assets. The proceeds will be used to reduce the Company's net borrowings.

Ends

Enquiries:

Assura Group  Richard Burrell/Louise Bathersby	Tel: [phone]
Financial Dynamics  Ben Brewerton/Emma Thompson	Tel: [phone]

 

END

 

 

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