Update on asset sale (5183V)
13 1월 2012 - 5:54PM
UK Regulatory
TIDMOTM
RNS Number : 5183V
Ottoman Fund Limited (The)
13 January 2012
THE OTTOMAN FUND LIMITED
Update on Asset Sale
Further to the announcement released on 5 April 2011, The
Ottoman Fund Limited (the "Company") has agreed to extend the
buyer's time to pay the remainder of the purchase price for the
Company's interest in the Kazikli joint venture up to and including
31 March 2012. As of the date of this release, the Company is
working with the buyer to consummate the transaction, including
accepting a partial payment before 31 March. A further announcement
will be made in due course.
In accordance with the Company's policy, all excess cash,
including sale proceeds, will be returned to shareholders.
Enquiries
Singer Capital Markets
James Maxwell 020 3205 7500
Company Secretary
Vistra Fund Services Limited 01534 504700
This information is provided by RNS
The company news service from the London Stock Exchange
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