Information  X 
Enter a valid email address

Onzima Ventures PLC (ONZ)

  Print   

Friday 08 January, 2016

Onzima Ventures PLC

Disposal

RNS Number : 2975L
Onzima Ventures PLC
08 January 2016
 

8 January 2016

 

Onzima Ventures PLC

 

("Onzima" or the "Company")

 

Sale of Investment

 

The Company announces that it has disposed of its shareholding of 50,000,000 ordinary shares in Glenwick plc receiving the sum of £75,500 net of all costs representing a 50% return on its investment in less than one month.

 

Gavin Burnell, CEO of Onzima, said: "Pursuant to our investing policy our investments are likely to be held for the short to medium term in the case of publicly-traded holdings. We have been opportunistic in realising a fifty per cent return in a very short period on our first investment. The profits will contribute towards the ongoing costs of the Company as we consider more substantial stakes. As we experience a continued market downturn it presents us with a number of exciting investment proposals which we believe could be an ideal fit for the Company. We are in a strong cash position and we are making good progress on securing our second investment. We look forward to updating the market as soon as we are able."

 

 

For further information please contact:

 

Onzima Ventures PLC                               Tel:  +44 1279 821 200

Gavin Burnell, Luke Cairns

 

Nominated Adviser

Cairn Financial Advisers LLP                     Tel:  +44 (0) 207148 7900        

Sandy Jamieson, Liam Murray

 

Broker

Peterhouse Corporate Finance Limited    Tel:  +44 (0) 20 7469 0930     

Guy Miller, Lucy Williams

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DISMMGGMMRDGVZM

a d v e r t i s e m e n t