London Finance & Investment - Results of the Annua
LNF
LOJM
London Finance & Investment - Results of the Annual General Meeting
London Finance & Investment Group P.L.C.
(Incorporated in England - No. 201151)
Code: LNF & ISIN: GB0002994001
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 52.10p per share at the Company"s year-end, 30th June 2006, to 57.28p per
share at 27th September 2006.
The value of the Group"s holding in Marylebone Warwick Balfour Group Plc has
risen by GBP400,000 since 30th June. MWB has recently made a tender offer to
acquire up to GBP30 million worth of its own shares and we intend to tender
1,000,000 of our holding of 3,000,000 shares and raise approximately
GBP2,000,000.
Our other strategic investment, Finsbury Food Group plc, continues to do well
and has recently announced final results that exceeded expectations and an
increased dividend. Finsbury is well placed for future growth and continues to
seek suitable acquisitions.
For and on behalf of the Board
City Group P.L.C.
Secretaries
29th September 2006
Date: 29/09/2006 01:00:02 PM Produced by the JSE SENS Department
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
