LNF - London Finance & Investment Group P.L.C. - R
LNF
LOJM
LNF - London Finance & Investment Group P.L.C. - Results of annual general
meeting and quarterly update
London Finance & Investment Group P.L.C.
(Incorporated in England - No. 201151)
Code : LNF & ISSN: GB0002994001
("the Company")
RESULTS OF ANNUAL GENERAL MEETING AND QUARTERLY UPDATE
The Annual General Meeting of the Company was held today and all resolutions
were passed unanimously.
London Finance & Investment Group P.L.C. (LSE: LFI, JSE: LNF), the investment
company, today provides a first quarter report on its investments.
In the three months to 30 September, net assets fell by 6% from 66p to 62p.
This was primarily due to widespread declines in European stock markets and the
decreases in the values of our strategic investments in Finsbury Food Group plc
and Western Selection P.L.C. The Company is currently trading at a 33% discount
to its net asset value.
During the period, the Company invested GBP429,000 in Western Selection
Warrants.
In spite of current market volatility, the Board of the Company is confident
that it will be able to produce satisfactory results for the year.
For and on behalf of the Board
City Group P.L.C.
Secretaries
11 October 2006
Sponsor: Imara Corporate Finance South Africa (Pty) Ltd
Date: 11/10/2007 17:21:01 Produced by the JSE SENS Department.
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