Ronaldsway Private Equity Plc
LSE : RPEP

April 16, 2012 02:00 ET

Update on sale of Investment Portfolio

                                       Ronaldsway Private Equity plc
                                      ("Ronaldsway" or the "Company")
                                                     
                                  Update on sale of Investment Portfolio

Further  to the press release of 3 February 2012, announcing that the Board of the Company had reached  an
agreement  with  the  board  of  Athol Gold & Value Limited ("Athol") to  purchase  the  entire  investment
portfolio of the Company (the "Portfolio). At the time, the Directors stated that they intended to  hold  a
General  Meeting,  to seek approval from Shareholders for this transaction and to propose  that  Ronaldsway
delist from the PLUS Market.

Following  the  announcement made on 3 February 2012, market conditions have changed considerably  for  the
Company  and  there has been significant interest expressed, to the Directors, to keep  the  Company  as  a
quoted  vehicle on PLUS.  After careful consideration and evaluation of the Company's current position  and
investments, it is now the Directors' belief that it is in the best interests of Shareholders to remain  on
PLUS  and to seek alternative means of creating value for Shareholders, whilst remaining quoted on the PLUS
Stock Exchange.

The Company intends to update Shareholders on its future plans as soon as practically possible.

The Directors of Ronaldsway Private Equity plc accept responsibility for this announcement.

                                                 --ENDS--
ENQUIRIES

Ronaldsway Private Equity Plc
Marcus Yeoman
+44 797 002 8442

Rivington Street Corporate Finance
Heena Karani
+44 20 7562 3393
Heena.karani@rs-cf.com

Contact Information

  • Ronaldsway Private Equity Plc