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- Release Date: 07/02/14 16:37
- Summary: ASSET: PGC: PGC exits balance of van Eyk
- Price Sensitive: No
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PGC
07/02/2014 14:37
ASSET
REL: 1437 HRS Pyne Gould Corporation Limited
ASSET: PGC: PGC exits balance of van Eyk
PGC exits balance of van Eyk
Pyne Gould Corporation ("PGC") has sold its residual stake in Australian
financial services company van Eyk for a price equal to the book value of
AU$5.6m.
When PGC sold its cornerstone stake in van Eyk last year it retained an
AU$5.6m convertible note. This note was then converted to shares and sold.
This is in line with PGC's strategy of exiting non-core assets as it focuses
on the growth of Torchlight and its migration to Guernsey as a prelude to
seeking a listing on the London Stock Exchange.
For media enquiry contact:
David Lewis +64-21-976 119
End CA:00246756 For:PGC Type:ASSET Time:2014-02-07 14:37:14
