24th Jun 2014 08:46
LONDON (Alliance News) - Limitless Earth PLC, the investing company that listed on AIM last month, Tuesday said it has started preliminary due diligence on several prospective investment opportunities.
The company's aim is to invest in sectors where changing demographics are the drivers of growth. "We're looking at preventative health to prevent people getting ill, to help people stay fitter for longer rather than fixing them when they're broken," Limitless Earth Director Dominic White told Alliance News ahead of last month's initial public offering.
In its statement Tuesday, the company said it will initially now focus on the health and wellness sector. It said it will update the market on its potential investments in due course.
Limitless also said it held cash equivalent to 4.6 pence a share on June 20, and therefore doesn't expect to have to raise new funds to make investments for the foreseeable future.
Limitles Earth shares were down 15% at 5.1 pence Tuesday morning. That remains above its IPO price of 5 pence. It raised GBP3.0 million at the IPO.
By Steve McGrath; [email protected]; @SteveMcGrath1
Copyright 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
Limitless Earth