Investment in Plutus PowerGen plc

RNS Number : 4949Y

Paternoster Resources PLC

03 March 2017

 

PATERNOSTER RESOURCES PLC

"Paternoster" or the "Company"

Investment in Plutus PowerGen plc

Paternoster notes yesterday's announcement by Plutus PowerGen plc ("Plutus") and the fall in its share price.  As previously announced, the Company holds around 49 million shares in Plutus.  On the basis of the Company's average cost of investment and the current Plutus share price of 1.42 pence, this investment is currently delivering a 4.9 times return on investment.

For more information please contact:

Paternoster Resources plc:                                                        

Nicholas Lee, Chairman                                                              [phone]

Nominated Adviser and Joint Broker:                                            [phone]

Stockdale Securities

Antonio Bossi/David Coaten

Joint Broker:                                                                              [phone]

Peterhouse Capital Limited

Lucy Williams

PR:     

Cassiopeia Services                                                                       [phone]

Stefania Barbaglio

 

END

 

 

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