set to sign Bt111.5 mil deal
31 March 1994
LOXLEY SET TO SIGN BT111.5 MIL DEAL
Loxley Plc (LOXLEY) reported that it will officially conclude a Bt111.5
million transaction to provide TV transmission equipment, under the "Harris"
brandname, and a satellite signal receiver for Channel 5, at a signing
ceremony scheduled for Mar 31, 1994.
The company said it would take about 10 months to accomplish its commitments
under the transaction. It expected to deliver the equipment in late 1994.
The company said the profits it would earn from the deal would account for
about 15% of the transaction price.