Date: 9 May 2013
On behalf of: Western Selection P.L.C. ("the Company" or "Western")
For immediate release
Western Selection P.L.C.
Northbridge Industrial Services plc
Western Selection P.L.C. announces that it has today sold
200,000 shares in Northbridge Industrial Services plc reducing its
holding in that company from 2,200,000 to 2,000,000 shares (12.8%).
The sale realised £742,000 which will reduce borrowings from
£991,000 to £249,000.
David Marshall, the chairman of
Western Selection P.L.C. and a non-executive director of
Northbridge Industrial Services plc said "Northbridge is one of
Western's strategic investments and we are delighted to have been a
shareholder in Northbridge for the last seven years.
Copies of this notification are held at the Company's office, 30
City Road, London, EC1Y 2AG (tel.
020 7448 8950) and are available for a period of 14 days from the
date of this announcement.
Enquiries to:
Western Selection P.L.C. 020 7448 8950
Edward Beale
Loeb Aron & Co. Ltd. 020 7628 1128
Peter Freeman / Jonathan Willis-Richards
Notes to Editors:
The Company is an investment company and the investment policy
is to hold strategic stakes in a few smaller UK quoted companies
and maintain a diversified portfolio of U.K. and overseas quoted
multinational stocks, together with a few holdings on AIM, PLUS and
some unlisted shares. Strategic Investments are minority positions
where the Board seeks to maintain a close working relationship with
the management of the investee. Western is represented on the
boards of three of its four Strategic Investments.
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