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LONDON FINANCE AND INVEST. GRP PLC - Interim management statement

Release Date: 07/11/2014 12:21
Code(s): LNF     PDF:  
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Interim management statement

London Finance & Investment Group P.L.C.

(Incorporated in England – No. 201151)

Code: LNF       ISSN: GB0002994001

(“the Company”)


INTERIM MANAGEMENT STATEMENT

This Interim Management Statement is made in accordance with Rule 4.3 of the UK Listing
Authority’s Disclosure and Transparency Rules and covers the period from 1st July 2014 to
31st October 2014.

Since the financial year ended 30th June 2014, the Company’s net assets per share,
including investments at market value, have increased by 12.1% from 44.7p to 50.1p at 31st
October 2014.

There have been no material changes to the Company’s General Portfolio of equities which
currently comprises 28 blue chip stocks in the U.K., Europe and the USA. The value of the
General Portfolio decreased by 0.3 % compared to falls in the Eurofirst 300 Index of 1.4%
and in the FTSE100 of 2.9%.        Over the period the value of the Company’s Strategic
Investments increased by 14%, represented by an increase in the value of Western
Selection P.L.C. of 19 % and Finsbury Food Group Plc (“Finsbury”) of 10%.

On 29th October 2014, Finsbury announced that its shareholders had approved a placing to
raise £35 million gross in connection with the acquisition of the Fletchers Group. We
participated in this placing and subscribed for 1,000,000 shares at a cost of approximately
£590,000 following which we hold 10,000,000 shares in Finsbury representing approximately
7.9% of its issued share capital.

The Company will announce its interim results for the six months ending 31 December 2014
during February 2015.

Enquiries to:


London Finance & Investment Group P.L.C.
Lloyd Marshall: 020 7796 9060


7 November 2014

Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)

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