CHECKIT PLC — Regulatory Filings 2013

Aug 16, 2013

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RNS Number : 8329L

Elektron Technology PLC

16 August 2013

Elektron Technology plc

Sale of holding in Versarien plc

Elektron Technology plc (AIM: EKT, "Elektron"), the global technology group, is pleased to announce that, further to the announcement released on 12 June 2013, it has sold its holding in Versarien plc (AIM: VRS "Versarien") on 15 August 2013.  The shares in Versarien were sold for a total net price of approximately £771,000 and the cash proceeds of the disposal will be used by Elektron to reduce borrowings. 

Elektron no longer has an interest in the issued share capital of Versarien.

Enquiries:

Elektron Technology  www.elektron-technology.com	+44 (0)1223 371 000
John Wilson - CEO
Noah Franklin - CFO
finnCap	+44 (0)20 7220 0500
Ed Frisby/ Rose Herbert - Corporate Finance
Simon Starr/Victoria Bates - Corporate Broking
College Hill	+44 (0)20 7457 2020
Adrian Duffield/Rozi Morris

Notes to Editors 

Elektron Technology is a global designer and manufacturer of precision engineered products which enable two of the most important technology areas of the always-on, networked economy: Connectivity and Instrumentation, Monitoring and Control ('IMC'). 

The Group has a broad portfolio of brands which are recognised leaders in their markets, playing a critical role in many industries from underwater construction to food preparation, semiconductor manufacture to emergency vehicle systems. The Group's products are sold worldwide to over 7,000 customers, around 100,000 end-users, and used in all seven continents and in space.

Elektron Technology is headquartered in Cambridge and traded on the AIM market of the London Stock Exchange.

This information is provided by RNS

The company news service from the London Stock Exchange

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