Panceltica Holdings Announcements

CHANGE IN SIGNIFICANT SHAREHO

02 September 2008 11:57:32



RNS Number : 5378C Panceltica Holdings Limited 02 September 2008  
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Immediate release                                                                                                    02 September 2008
Panceltica Holdings Limited

("Panceltica" or the "Company")

CHANGE IN SIGNIFICANT SHAREHOLDINGS

Panceltica (AIM: PANC) was today notified that on 02 September 2008 Barwa Real Estate Company (“Barwa”) transferred 15,120,000 ordinary shares of no par value in the capital of the Company (“Ordinary Shares”) to Al-Imtiaz Investment Company(“Al-Imtiaz”).
 
Following this transaction Barwa remains interested in 17,640,000 Ordinary Shares representing approximately 7.46 per cent of the issued ordinary share capital of the Company and Al-Imtiaz holds 15,120,000 Ordinary Shares representing approximately 6.40 per cent of the issued ordinary share capital of the Company. 

Barwa is a 15% shareholder and strategic partner of Al-Imtiaz which in turn is a 1% shareholder in Barwa. Al-Imtiaz originally provided Barwa with $25 million of finance to invest in Panceltica and the 15,120,000 ordinary shares are being transferred in respect of such amount.

 

For further information please contact:

Panceltica Holdings Limited                                                Tel: +974 462 2252
Paul Fraser, Chief Executive Officer
William Fatherley, Chief Operating Officer

Blomfield Corporate Finance Limited, Nominated Adviser       Tel: +44 (0)207 489 4500
Toby Howell / Charlie Hill-Wood

Hichens, Harrison & Co. plc, Broker                                    Tel: +44 (0)20 7382 4450
Adam Wilson / Martin Lampshire

Buchanan Communications                                                Tel: +44 (0) 20 7466 5000
Mark Edwards / Jeremy Garcia

This information is provided by RNSThe company news service from the London Stock Exchange  END  HOLILFEIASIFIIT

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