21st Jun 2013 07:00
21 June 2013
Mentum Inc.
("Mentum" or the "Company")
Update re Implementation of Revised Investing Policy
Mentum (AIM:MEN), the AIM listed investing company, announces that in line with its recently adopted Revised Investing Policy, it has purchased for cash securities in the following UK quoted companies operating in the natural resources and energy sectors:
Company | Number of Ordinary Shares purchased | Cost of investment (£) |
BHP Billiton | 4,500 | 82,026 |
BP | 18,800 | 86,630 |
Tullow Oil | 8,000 | 84,248 |
Glencore | 27,500 | 84,634 |
TOTAL | 337,538 |
Further to making the abovementioned investments, Mentum has now substantially implemented its Revised Investing Policy, approved by shareholders at the recent EGM held on 17 June 2013, and has therefore satisfied the requirements of Rule 15 of the AIM Rules for Companies. Accordingly, the Company has requested that the suspension of trading in the ordinary shares of 0.1 pence each in the capital of the Company on AIM be lifted with effect from 7.30 a.m. today.
Unless the context otherwise requires, defined terms used in this announcement shall have the meanings given to them in the circular dated 31 May 2013.
**ENDS**
Enquiries: | |
Mentum Inc. Mike Hirschfield
| Tel: +44(0)84 4815 7339 |
ZAI Corporate Finance Ltd Ray Zimmerman / Tom Price / Irina Lomova
| Tel: +44(0)207 060 2220 |
Gable Communications Limited John Bick / Justine James
| Tel: +44(0)20 7193 7463 Tel: +44(0)7872 061 007
|
Related Shares:
FOR.L