CPC City Pub Group Plc (the)

RNS Number:6287G
Capcon Holdings PLC
21 December 2004


                              Capcon Holdings plc

                               Sale of investment

Capcon Holdings plc ("Capcon") is pleased to announce that it has agreed to sell
its 50 per cent. interest in Argen GmbH, a commercial investigations business
based in Cologne, Germany. The investment is being sold to Argen Gmbh's Managing
Director for a total cash consideration of #360,000.

The investment in Argen GmbH was a consequence of the acquisition of Argen
Limited in February 2003. Since the acquisition, Capcon has received two annual
dividends totalling #125,856, which were warranted by the vendors of Argen
Limited. Future dividends were not warranted.

The consideration is payable entirely in cash with 50 per cent. payable on the
23rd December 2004 and the balance on completion on the 31st January 2005.

For many years Argen Limited has worked in partnership with Argen GmbH on
numerous investigation projects and it is very much expected that this strong
relationship will continue in the future.

Ken Dulieu, commenting on the sale, said:

"I am delighted that we have sold our investment to the Managing Director of
Argen GmbH, our partner in Germany. We have enjoyed a strong working
relationship in the past with the company and we look forward to continuing to
work together in the future. We can now focus on the UK operations having
strengthened our balance sheet and generated cash for investment in our core
business."


Results

Capcon will announce its preliminary results for the year ended 30 September
2004 on Wednesday, 12th January 2005.



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

END
DISGGMZZKGGGDZM

City Pub (LSE:CPC)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024

City Pub (LSE:CPC)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024