Transactions in a Close Period

RNS Number : 1341E

Lowland Investment Co PLC

01 April 2011

 



LOWLAND INVESTMENT COMPANY PLC

HENDERSON GLOBAL INVESTORS

1 April 2011

LOWLAND INVESTMENT COMPANY PLC

Transactions in a Close Period - Listing Rule 15.5.1 (4)

Lowland Investment Company plc ("the Company") confirms that:

a)         there is no unpublished information which constitutes price sensitive information in respect of the Company's securities;

b)         the Company's net asset value per share is calculated and announced through a Regulated Information Service ("RIS") on a daily basis;

c)         the Company has no reason to believe that there will be any material difference between the net asset value announced on 1 April 2011 (as at close of business on 31 March 2011) and the financial information to be published in the announcement of its results for the half year ended 31 March 2011;

d)         the Company has unquoted investments, the directors' valuations of which have been included in the net asset values published on a daily basis; and

e)         a dividend may be declared at the end of the close period but is not expected to be price sensitive.

The Company is therefore exempt during the close period from the provisions of the Model Code in respect of dealings by persons discharging managerial responsibilities, purchases of its own securities and the sale of treasury shares for cash or transfers.  If, in the period leading up to the preliminary announcement of the results, the directors or the Company come into possession of any inside information, this will be notified to a RIS before any such transactions are undertaken.

The close period to which this relates is in respect of the financial half year ended 31 March 2011. 

- ENDS -

For further information, please call:

James Henderson Fund Manager Lowland Investment Company plc Telephone: [phone]

James de Sausmarez Head of Investment Trusts Henderson Global Investors Telephone: [phone]

 

END

 

 

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