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TIDMLDP
RNS Number : 5230D
Leed Resources PLC
16 May 2012
Leed Resources PLC
("Leed" or the "Company")
Investing Policy Update
The Board of Leed, the natural resource focused investment company, announces that the Company has now substantially implemented its investing policy and has satisfied the requirements of Rule 15 of the AIM Rules for Companies.
On 23 May 2011, the Company announced that it had sold substantially all of its assets and therefore had become an investing company under Rule15. Consequently, Leed was obliged to have made an acquisition that constituted a reverse takeover or otherwise have substantially implemented its investing policy within 12 months from that date.
Since then, Leed has announced a significant investment in Manas Coal Limited Liability Company on 12 September 2011. In addition, the Company has recently purchased for cash shares in certain quoted oil and gas companies that have scope for medium term growth, with a focus on production and development in Africa.
Against this background, the Company is continuing to review a number of significant investment opportunities within its stated investing policy and further announcements will be made in due course.
For further information, please contact:
Leed Resources PLC Peter Redmond
Tel: 0771 8660727
Libertas Capital Corporate Finance Limited Sandy Jamieson
Tel: 020 7569 9650
VSA Capital Limited Andrew Raca
Tel: 020 3005 5000
Rivington Street Corporate Finance Limited Jon Levinson
Tel: 020 7562 3350
This information is provided by RNS
The company news service from the London Stock Exchange
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