CDN 0.00% $35.10 caledonia investments plc

Ann: GENERAL: CDN: Disposal

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    CDN
    06/12/2012 08:30
    GENERAL
    
    REL: 0830 HRS Caledonia Investments Plc
    
    GENERAL: CDN: Disposal
    
    Caledonia Investments plc
    Sales of shares in Close Brothers Group plc
    
    In accordance with Listing Rule 10.4, Caledonia Investments plc ("Caledonia")
    announces that, since 1 June 2012, it has sold through the market 5,472,519
    ordinary shares in Close Brothers Group plc, the UK listed specialist
    financial services group, realising net cash proceeds of GBP44.3m. The sales
    proceeds have been partly used to repay bank borrowings and partly held in
    cash for investment.
    
    The shares sold were held in Caledonia's group statement of financial
    position at 31 March 2012 at a value of GBP43.0m and dividend income from
    them of GBP2.2m was included in its group statement of comprehensive income
    for the year ended 31 March 2012.
    
    5 December 2012
    
    Enquiries
    
    Caledonia Investments plc
    Will Wyatt, Chief Executive
    Stephen King, Finance Director
    Tel: + 44 20 7802 8080
    
    College Hill
    Tony Friend
    Antonia Coad
    Tel: +44 20 7457 2020
    
    END
    End CA:00230741 For:CDN    Type:GENERAL    Time:2012-12-06 08:30:09
    				
 
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Currently unlisted public company.

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