Disposal
23 12월 2003 - 4:00PM
UK Regulatory
RNS Number:5832T
RMC Group PLC
23 December 2003
23 December 2003
RMC Group p.l.c. - disposal of shares in Adelaide Brighton
RMC Group p.l.c. ("RMC") announces that it has today sold 108.4m shares in
Adelaide Brighton Limited ("ABL"), representing 20.0% of the issued share
capital of ABL for a cash consideration of A$1.40 per ABL share. RMC will
receive total cash proceeds of approximately A$152m (#64m). RMC intends to use
the proceeds to pay down debt. This sale follows the earlier disposal of ABL
shares by RMC, announced on 15 December 2003.
Following this disposal, RMC now holds approximately 80.9m shares in ABL,
representing 14.9% of the issued share capital of ABL.
Enquiries:
Investor Relations Gary Rawlinson 07899 678351
Media Relations Tim Stokes 01932 583215
This information is provided by RNS
The company news service from the London Stock Exchange
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