International Power plc ("IPR") has today announced the purchase of a 30% stake
in Oxford Power Holdings Ltd ("OPH") for £7.25m. The shares have been purchased
from existing shareholders other than Telecom Plus. The price paid represents a
current value for OPH of approximately £24 million.
Telecom Plus has today exercised its warrants and anti-dilution rights at a cost
of £8,694 to increase its shareholding in OPH to 20%. The total cost of its
investment in OPH now amounts to £1.05m, compared with the implicit value of
£4.8m placed on it following the investment by IPR.
Labels: corporate-news
posted by Jeremy Tromans at 5/11/2006 05:54:00 PM