London Finance & Investment Group Plc - Results of
London Finance & Investment Group Plc - Results of the Annual General Meeting
London Finance & Investment Group Plc
(Incorporated in England - No. 201151)
Code: LNF & ISIN: GB0002994001
Directors Registered office
D.C. Marshall, Chairman 25 City Road
R.A. Good London, EC1Y 1BQ
Dr. F.W.A.A. Lucas
J.M. Robotham, OBE, FCA, MSI
Announcement of results of the Annual General Meeting
The Annual General Meeting of the Company was held today and all resolutions
were passed.
At the meeting the Chairman informed shareholders present that the net asset
value of the Company`s shares, including investments at market value, had risen
from 44.05p per share at the Company`s year-end, 30th June 2005, to 53.55p per
share at 26th September 2005.
The value of the Group`s holding in Marylebone Warwick Balfour Group Plc has
risen substantially since 30th June and your Directors remain extremely
optimistic on the prospects for this investment as all MWB Group divisions
anticipate continued growth and will therefore gain incremental value during the
year ahead.
Our other strategic investment, Finsbury Food Group plc, announced improved
results for its year to 30th June 2005 and an increased dividend. With a debt
free balance sheet, they are now well placed for future growth and anticipated
acquisitions.
For and on behalf the Board
City Group P.L.C.
Secretaries
28th September 2005
Sponsor
Imara Corporate Finance South Africa (Pty) Limited
Date: 28/09/2005 11:23:33 AM
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