[2007-12-21]  Communique-MCB Equity Fund sale of 5 million shares of Sun Resorts ltd, out of the holding of 6,344,400 it previously held.
The Mauritius Commercial Bank ltd would like to inform its
shareholders and the investing public that its wholly owned
subsidiary, the MCB Equity Fund, has just completed , through
the crossing-board of the Stock Exchange of Mauritius, the sale
of 5 million shares of Sun Resorts ltd, out of the holding of
6,344,400 it previously held.
This transaction, carried out at the average price of Rs 125.60
per share, will generate for the MCB Group a prot of Rs 425
million and will have a materially positive effect on the consolidated
results for the year to 30th June, 2008. Group reserves will,
however, only increase by Rs 204 million as a result of this
transaction since an amount of Rs 221 million, representing
unrealised prots on the shares sold at 30th June, 2007, will be
released from Fair Value Reserves.
By order of the Board
Jean-François Desvaux de Marigny
Secretary
This notice is issued pursuant to Listing Rules 11.3.
The Board of directors of The Mauritius Commercial Bank Limited accepts full
responsibility for the accuracy of the information contained in this notice.
21 December 2007
Source: Copyright 2006 The Stock Exchange of Mauritius