Distribution from associated

RNS Number : 4301Z

CSS Stellar PLC

13 January 2011

 



CSS Stellar plc (the "Company")

Distribution from associated company

The Company is pleased to announce that it has received a special distribution of approximately $430,000 from its US associated company further to the announcement of 17 December 2010. Net of costs, this represents a surplus of approximately $250,000 for the Company.

Julian Jakobi, Chairman, said: "This distribution together with the collection of receivables from motorsports has improved the cash and net asset position of the Company. Coupled with the recent material costs savings, the board feels it is well placed to pursue its proposed Investing Policy details of which will be included in a circular to be sent to shareholders shortly."

For further information please contact:

Julian Jakobi	CSS Stellar plc	07785 317202
Luke Cairns / Edward Hutton	Northland Capital Partners Limited	020 7492 4750

 

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