Corporate Announcement
Security Code : 532805    Company : REDINGTON    
 
Announcement under Regulation 30 (LODR)-Updates on AcquisitionDownload PDF Download XBRL
  Exchange Received Time  24/05/2018 14:17:33         Exchange Disseminated Time   24/05/2018 14:17:41              Time Taken   00:00:08
This has reference to our earlier announcements dated 27th November 2015, 18th May 2016 and 23rd May 2017 regarding acquisition of 90% stake in tranches by Redington Gulf FZE (RGF), a step down subsidiary of the Company, in Linkplus Bilgisayar Sistemleri Sanayi ve Ticaret A.S, Turkey (Linkplus).

We have been informed by RGF that they intend to acquire the remaining 10% from the shareholder of Linkplus for a consideration of USD 0.90Mn. This transaction will be executed this week. With this RGF will hold 100% stake in Linkplus.
 

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