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Regency updates on Esteq investment

Regency is currently undergoing a process of renewal

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The investment had been held at nil value on the balance sheet

Regency Mines PLC (LON:RGM) has revealed that White Car Limited, a company in which its 100% owned subsidiary EsTeq Ltd. had invested, has informed EsTeq that it has entered voluntary liquidation.

The EsTeq investment in White Car Limited was held at nil value in the most recent Regency interim accounts announced on 29 March 2019.   

READ: Regency Mines to conduct 'strategic review' of portfolio after challenging first half

As previously announced on 15 April 2019, the company continues a strategic review of its operations alongside the formation of a revised board of directors, and will make a comprehensive announcement of the results of these efforts in due course. 

 

Quick facts: Regency Mines PLC

Price: 0.045 GBX

LSE:RGM
Market: LSE
Market Cap: £682.6 k
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Regency Mines putting foundations in place for 'development and value'

Regency Mines PLC's (LON:RGM) Scott Kaintz and Ewen Ainsworth join Proactive's Andrew Scott in the London studio to discuss the recent refinancing of the firm's debt facility as well as the findings of the strategic review. Regency's refinanced US$1.254mln worth of loan notes through to July...

on 1/8/19

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