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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