Source - SMW
St Peter Port Capital has terminated its formal sale process after completed a strategic review.

The board looked at several options to maximise value for shareholders, including a potential sale of the company, individual holdings owned by the company or collections of sector-related holdings.

Since the strategic review began, a few very early stage discussions took place which did not lead to any viable offers being received. 

The company is not now in active discussions with any third party in relation to a corporate transaction, such as a merger with or a sale of the company.   As such the formal sale process has now been terminated.  

It said the best route to achieve maximum shareholder value is through continuing to seek opportunities to realise its investments in its remaining assets in an orderly manner. 

"The board remains committed to trying to deliver value to shareholders through disposals of the investments within the company's portfolio which it hopes will secure potential gains, but remains open to alternatives should they arise," it added. 

At 8:59am: (LON:SPPC) St Peter Port Capital share price was 0p at 8.75p