Dublin-listed company Prime Active Capital has announced that it has disposed of its subsidiary printing company, Bell Bain.

The announcement follows the approval of the sale by shareholders last week.

In October, the company announced that it had agreed to sell Bell Bain to newly registered NewCo for €2.74 million.

NewCo is an investment vehicle established by the Bell Bain management team.

In a statement to the stock exchange yesterday, the company announced that the disposal had been completed.