ACER Acertec

    RNS Number : 7628D
  Acertec PLC
  18 September 2008
   


        18 September 2008

    Acertec plc
    ("Acertec") 

    Acertec completes sale of stake in BRC Asia Limited ("BRC Asia")

    On the 12 August 2008, Acertec announced that it had agreed to sell its 70.28% holding in BRC Asia to HG Metal Pte Ltd.

    Following an extraordinary general meeting, approval for the sale has now been received from the shareholders of HG Metal Manufacturing
Ltd, the Singapore publicly listed parent company of HG Metal Pte Ltd, and the disposal of the first tranche of shares, representing 56.14%
of the issued share capital of BRC Asia, has now completed.

    The acquisition of the second tranche of shares, being the balance of the holding (representing 14.14% of the issued share capital of
BRC Asia), shall complete 12 months from the date of this announcement.

    - Ends -
    Enquiries:
 Acertec plc                              01789 403070
 David Hussey, Chief Executive
 Jonathan Cook, Group Finance Director 

 Hawkpoint Partners Limited              020 7665 4500
 David Renton

 Weber Shandwick Financial               020 7067 0700
 Nick Oborne / Rachel Martin 



This information is provided by RNS
The company news service from the London Stock Exchange
 
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