Origo

M&A Activity • Jan 17, 2019

National Storage Mechanism | Additional information

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RNS Number : 3213N

Origo Partners PLC

17 January 2019

NOT FOR RELEASE IN ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA OTHER THAN THE UNITED KINGDOM

17 January 2019

Origo Partners plc

Sale of Shares in Niutech Energy Limited

Origo Partners Plc has sold its remaining interest in Niutech Energy Limited for approximately USD 2.1 million and has received 90 per cent of the sale proceeds with the remainder due upon the fulfillment of certain conditions.  The sale price was at a discount of 20% to book value, partially reflecting depreciation of the RMB as against the US dollar since the last reporting period.  Origo Partners Plc expects to use the proceeds of this sale for general corporate purposes.

Ends

For further information about Origo Partners plc please visit www.origoplc.com or contact: 

Origo Partners plc John Chapman Chairman	IOMA House Hope Street Douglas Isle of Man IM1 1AP
Nominated Adviser and Broker Arden Partners plc Steve Douglas Ben Cryer Tom Price	+44 (0)20 7614 5900

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