BWA Group Plc

November 04, 2013 12:00 ET

Partial Sale of Investment

                                                                                                  4 November 2013
                                                  BWA GROUP PLC
                                            ("BWA" or the "Company")
                                           Partial Sale of Investment

BWA  announces that it has raised approximately GBP 30,000 through the disposal of 10,909,090 shares in  one  of
its  investee  companies,  Prego International Limited ("Prego"), at a price of 0.275p  per  share  (the  "Prego
shares").  5,454,545 of the Prego shares were sold to Richard Battersby, BWA's Chairman, for a consideration  of
approximately GBP 15,000.

The  Company received the Prego shares for nil consideration in December 2012 and, following this disposal,  BWA
remains interested in an additional 34,090,910 Prego shares.  The Directors are confident that they will be able
to achieve further value for shareholders from the Company's investment in Prego in due course.

The proceeds of this disposal will be used for working capital purposes.

The Directors of BWA recognise that trading in the Company's shares on the ISDX Growth Market remains suspended
and will provide shareholders with an update on this situation as soon as possible.

The Directors of BWA are responsible for the contents of this announcement.

For further information please contact:

BWA Group Plc
Richard Battersby (Non-Executive Chairman)                                                07836 238 172

Peterhouse Corporate Finance Limited
Mark Anwyl or Duncan Vasey                                                                020 7469 0930

Contact Information

  • BWA Group Plc