Abilene, Texas-based Pittencrieff Communications Inc reports that its 54% shareholder Pittencrieff Plc has now completed its spin-out of the specialised mobile radio operator: the 54% stake was distributed to Pittencrieff Plc shareholders and shares in Commsco Ltd, and Pittencrieff will today exchange these for its own shares, paying five shares for every 24 Commsco.
Abilene, Texas-based Pittencrieff Communications Inc reports that its 54% shareholder Pittencrieff Plc has now completed its spin-out of the specialised mobile radio operator: the 54% stake was distributed to Pittencrieff Plc shareholders and shares in Commsco Ltd, and Pittencrieff will today exchange these for its own shares, paying five shares for every 24 Commsco.
