LNF - London Finance & Investment Group Plc - Results of AGM and Interim
LNF
LOJM
LNF - London Finance & Investment Group Plc - Results of AGM and Interim
Management Statement
London Finance & Investment Group P.L.C
(Incorporated in England - No. 201151)
Code: LNF & ISIN: GB0002994001
RESULTS OF THE ANNUAL GENERAL MEETING AND INTERIM MANAGEMENT STATEMENT
AGM RESULTS AND INTERIM MANAGEMENT STATEMENT
AGM RESULTS
London Finance & Investment Group P.L.C. (LSE: LFI, JSE: LNF), the investment
company whose assets primarily consist of three Strategic Investments and a
General Portfolio, held its Annual General Meeting today and is pleased to
report that all resolutions were passed by the required majority.
INTERIM MANAGEMENT STATEMENT
Lonfin today reports on its performance to date.
In the period of just under four months to 28th October 2008, our net assets,
including investments at market value, increased by 26.9% from 21.3p to 27.0p.
This was due to an improvement in the value of our strategic investments:
Western Selection P.L.C., Finsbury Food Group plc and MWB Group Holdings Plc and
an increase in the value of our general portfolio. We have recently withdrawn
GBP200,000 from our general portfolio and intend to use that to reduce our debt.
It is disappointing that the price of the Company`s shares continues to trade at
a significant discount to the net asset value per share.
Despite the turbulence extant in the world equity and debt markets the recent
improvement in the prospects for investment companies is likely, in the
director`s opinion, to continue.
Enquiries to:
London Finance & Investment Group P.L.C.
Edward Beale
020 7448 8950
London
28 October 2009
Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)
Date: 28/10/2009 16:45:00 Produced by the JSE SENS Department.
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