ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

1012 Lonfin

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type Share ISIN Share Description
Lonfin LSE:1012 London Ordinary Share GB0002994001 LONDON FIN INV GRP PLC
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Lon.Fin.&Inv.Grp. Disposal of shares in Finsbury Food Group plc

12/10/2015 4:18pm

UK Regulatory


 
TIDMLFI 
 
12 October 2015 
 
                   London Finance & Investment Group P.L.C. 
 
                                  ('Lonfin') 
 
          Disposal of shares in Finsbury Food Group plc ("Finsbury") 
 
To satisfy market demand and increase the liquidity in Finsbury's shares, 
Lonfin announces that on 12 October 2015, Lonfin Investments Limited (a 
subsidiary of Lonfin) sold 2 million shares in Finsbury, at a price of 100 
pence per share, reducing its holding to 8 million shares, which represents 
6.25% of the Finsbury issued share capital.  Lonfin has been an investor in 
Finsbury since its inception and remains a committed investor in Finsbury. 
 
Sale proceeds of GBP2 million will be used to eliminate debt in the short term, 
and will be reinvested in support of Lonfin's business model in due course. 
The profit realised on sale is GBP385,000 relative to the carrying value of this 
investment at 30th June 2015.  In addition the sale realises GBP1,025,000 of the 
unrealised profits included in the financial accounts at 30th June 2015. 
 
Enquiries: 
 
London Finance & Investment Group P.L.C. 
 
Telephone: 020 7796 9060 
 
 
 
END 
 

(END) Dow Jones Newswires

October 12, 2015 11:18 ET (15:18 GMT)

1 Year Lonfin Chart

1 Year Lonfin Chart

1 Month Lonfin Chart

1 Month Lonfin Chart

Your Recent History

Delayed Upgrade Clock