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Hirco plc (HRCO)

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Friday 01 July, 2011

Hirco plc

Hirco plc - Rule 17 Disclosure - Weiss Asset Mgmt.

RNS Number : 5398J
Hirco plc
01 July 2011
 

 

 

News Release

 

Hirco PLC

("Hirco" or the "Company")

 

Hirco plc - Rule 17 Disclosure - Weiss Asset Management LP

 

Holding in a Company

 

July 1, 2011 - LONDON - Hirco PLC (AIM: HRCO), the AIM-quoted real estate investment company, today announced that in accordance with rule 17 of the AIM Rules, the Company has been notified of the following notice of change in a notifiable interest in the Company's ordinary shares of 1p each ("Shares").

 

Schedule Five

 

(a)        the identity of the significant shareholder concerned;

            Weiss Asset Management LP through Brookdale International Partners, L.P., Brookdale Global Opportunity Fund.

 

(b)        the date on which the disclosure was made to it;

            29 June 2011

 

(c)        the date on which the deal or the relevant change to the holding was effected;

            29 June 2011

 

(d)        the price, amount and class of the AIM securities concerned;

10,014,739 ordinary shares at 50 pence each

 

(e)        the nature of the transaction;

Placing

 

(f)         the nature and extent of the significant shareholder's interest in the transaction;

The significant shareholder now holds 13,921,829 Shares which represents approximately 13.85% of the Company's issued share capital.  The significant shareholder holds its interest in the Company through the following entities in the following proportions:

Brookdale International Partners, L.P. - 9.71%

Brookdale Global Opportunity Fund - 4.14%

 

(g)        where a deal takes place when it is in any close period under rule 21, the date upon which any previous binding commitment was notified or the date upon which the Exchange granted permission to deal in order to mitigate severe personal hardship; and

            N/A

 

(h)        where the notification concerns a related financial product, the detailed nature of the exposure;

            N/A

 

ENDS

Contacts:                               

Hirco                                                               Gutenberg Communications

Investor Relations                                         US - Hugh Burnham / Michael Gallo

+44(0) 1624 647 069                                      +1 212 239 8595 / +1 212 239 8594

[email protected]                                             [email protected]
[email protected]

 


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