RNS Number : 8329L
Elektron Technology PLC
16 August 2013
 



Elektron Technology plc

 

Sale of holding in Versarien plc

 

Elektron Technology plc (AIM: EKT, "Elektron"), the global technology group, is pleased to announce that, further to the announcement released on 12 June 2013, it has sold its holding in Versarien plc (AIM: VRS "Versarien") on 15 August 2013.  The shares in Versarien were sold for a total net price of approximately £771,000 and the cash proceeds of the disposal will be used by Elektron to reduce borrowings. 

 

Elektron no longer has an interest in the issued share capital of Versarien.

 

 

Enquiries:

 

Elektron Technology  www.elektron-technology.com

+44 (0)1223 371 000

John Wilson - CEO

 

Noah Franklin - CFO

 

 

 

finnCap

+44 (0)20 7220 0500

Ed Frisby/ Rose Herbert - Corporate Finance

 

Simon Starr/Victoria Bates - Corporate Broking

 

 

 

College Hill

+44 (0)20 7457 2020

Adrian Duffield/Rozi Morris

 

 

Notes to Editors 

 

Elektron Technology is a global designer and manufacturer of precision engineered products which enable two of the most important technology areas of the always-on, networked economy: Connectivity and Instrumentation, Monitoring and Control ('IMC'). 

 

The Group has a broad portfolio of brands which are recognised leaders in their markets, playing a critical role in many industries from underwater construction to food preparation, semiconductor manufacture to emergency vehicle systems. The Group's products are sold worldwide to over 7,000 customers, around 100,000 end-users, and used in all seven continents and in space.

 

Elektron Technology is headquartered in Cambridge and traded on the AIM market of the London Stock Exchange.

 


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