29th Nov 2011 13:50
New Earth Recycling and Renewables plc
Ludgate Environmental Fund Limited ("LEF") redeemed 1,090,194.380 shares in New Earth Recycling & Renewables (Infrastructure) plc ("NERR") at a price of 1.359p per share on 24 November 2011. This compares to the subscription price paid by LEF of 1.349p per share. Following this redemption, LEF holds 3,270,583.151 shares in NERR which at the current price of 1.359p per share values the remaining holding at £4,444,722.50.
NERR is an open-ended fund with a net asset value currently in excess of £90.0 million and registered as a specialist fund with the Isle of Man Financial Supervision Commission (Isle of Man Company Number: 123613C), which was created principally to finance the recycling facilities of New Earth Solutions Group Limited.
About Ludgate Environmental Fund
LEF makes active investments in a diverse portfolio of companies that require capital growth with a focus on investments in the following core areas within the cleantech sector: waste management and recycling; renewable energy; energy efficiency and water.
LEF was launched in August 2007 and has assets under management of £56.3 million as of 30 September 2011. The Fund is a Jersey domiciled closed-ended investment company listed on the Alternative Investment Market (AIM) of the London Stock Exchange under the symbols LEF.L for the shares and LEFW.L for the warrants.
Further information about the Fund can be found at ludgateenvironmental.com
For further information:
LEF: Chairman, John Shakeshaft, 01534 609 233 begin_of_the_skype_highlighting
Ludgate Investments Limited: Bill Weil, 020 7621 5770begin_of_the_skype_highlighting end_of_the_skype_highlighting
NERR: Jamie Sutton, 01624 699677end_of_the_skype_highlighting
NOMAD - PricewaterhouseCoopers LLP: Melville Trimble, 020 7213 8898begin_of_the_skype_highlighting end_of_the_skype_highlighting
Broker - Matrix Corporate Capital LLP: Paul Fincham, 020 3206 7175begin_of_the_skype_highlighting
end_of_the_skype_highlighting
Related Shares:
LEF.L