28th Nov 2012 12:00
Date: 28th November 2012 On behalf of: London Finance & Investment Group P.L.C ("Lonfin" or "Company") London Finance & Investment Group P.L.C. Annual General Meeting results AGM Results
London Finance & Investment Group P.L.C. , the investment company whose assets primarily consist of two Strategic Investments and a General Portfolio, held its Annual General Meeting today and is pleased to report that all resolutions were passed by the required majority.
The proxy votes that would have been cast for each resolution, had a poll been held, were as follows:
Resolution For Against Abstain 1 17,405,606 Nil 500 2 17,404,406 1,200 500 3 17,405,606 Nil 500 4 17,405,606 Nil 500 5 17,405,606 Nil 500 6 17,405,606 Nil 500 7 17,405,606 Nil 500 8 17,405,606 Nil 500The Chairman presented a summary of investments showing net assets per share,including investments at market value, and separately the net assets per shareincluding the underlying investments of Western Selection P.L.C. at marketvalue:Summary of Investments 28 November 30 June 2012 2012 £000 £000 Investment in associate at market value: Western Selection P.L.C. 2,987 3,144 Strategic Investment at market value: Finsbury Food Group plc 3,494 1,880 ---------- ---------- 6,481 5,024 General Equity Portfolio at market value 4,787 4,603 Tangible non-current assets 4 4 Cash, bank balances and deposits 795 2,217 Bank loans (1,000) (1,950) Other net (liabilities)/assets 146 55 Non-controlling interests (98) (98) ---------- ---------- Net assets, including investments at market value 11,115 9,855 ====== ====== Net assets per share 35.6p 31.6p Net assets per share, including the underlying investments of Western Selection P.L.C. at market value. 44.7p 40.3p
Enquiries to:
London Finance & Investment GroupP.L.C. Lloyd Marshall 020 7448 8950 Notes to Editors:
â— Lonfin is an investment company whose assets primarily consist of two
Strategic Investments and a General Portfolio. Strategic Investments are significant investments in smaller UK quoted companies and these are balanced by a General Portfolio, which consists mainly of investments in major U.K. and European equities.
â— Its strategic investments comprise: Western Selection P.L.C. and Finsbury
Food Group plc. Western Selection P.L.C. has strategic investments in
Creston plc, Swallowfield plc, Northbridge Industrial Services plc and
Hartim Limited. The General Portfolio has material interests in Oil, Natural
Resources, Pharmaceuticals & Healthcare and Food & Beverages.
XLONRelated Shares:
Lon.fin&inv.grp