Crown Acquisition Of ESI Group.

Crown Energy AB in which Comtrack has a significant shareholding has announced the acquisition of ESI Group which owns and manages real estate assets in Angola servicing the oil industry. The business is profitable and cash generative and gives a second and complementary leg to Crown’s business. The acquisition was made by issuing 363,401,823 Crown shares representing 81% of the shares now in issue. Accordingly Comtrack’s shareholding is diluted and is now below reportable levels.