Share Forum - Discuss JSE shares and join the Investor Challenge

OCE - Weaker Rand good or bad ?
NPN - Weaker rand Good.
AVL- Either or ? AUS/R
APN - your  ss GSK, thanks for waiting till I buy..

 

GSK ANNOUNCES COMPLETION OF THE SALE OF HALF ITS STAKE IN ASPEN

GlaxoSmithKline (“GSK”) has announced the completion of the disposal of half of its 12.4% shareholding in
Aspen (equivalent to 28.2 million ordinary shares). These shares were sold by means of an accelerated book
build offering process which resulted in the shares being sold at ZAR 372 per share, raising gross proceeds
of approximately ZAR 10.5 billion.

Following settlement of the sale, GSK will hold 28.2 million ordinary shares in Aspen, representing
approximately 6.2% of the issued share capital.

Simon Dingemans, GSK’s Chief Financial Officer, said: “GSK has a long and successful commercial
partnership with Aspen and our investment in the company has grown in value significantly over time. As
we continue to reshape the Group around our core franchises and drive the benefits from the Novartis
transaction, optimizing our financial flexibility to invest behind these priorities is key. As a result we have
decided now is the right time to realise further value from this successful relationship. We continue to
believe in the strategy of Aspen and we remain committed to working together in the future.”

The Board of Aspen has agreed that Mr David Redfern, recently appointed as GSK’s nominee director to
replace Mr Abbas Hussain on the Board, will remain a director of Aspen.


Durban
13 March 2015

  S&P 500 Futures 2,067.45 +3.45 +0.17%   
  NQ 100 Futures 4,336.60 +5.85 +0.14%   
  Dow 30 17,895.22 +259.83 +1.47%   
  DAX 11,799.39 -6.60 -0.06%   
  FTSE 100 6,761.07 +39.56 +0.59%   
  Nikkei 225 19,262.90 +271.79 +1.43%

MAIL.IL      -0.12
NPSNY    +1.62%
0700.HK    +1.67%

Thanks MP

MoneyPenny where do u get the new high / new low of a share you use to post under today outlook?

You all have valid points, but lets go forward in time. U are 72, on pension, made some minor mistakes in life, i.e bought ABL when you were 32. Your Pension is ok, but does not shoot the lights out. Now you get a pension income that is average for living, Bob is the same. But you are renting and Bob's house is paid.

I always tell my fellow youngsters, buy your first property when you young, even if very small, a 2 bedroom flat or a fish pond. Then sell and use to go bigger, until you have the house where you wanna take your last breath.

NPN