Leo Capital Plc
12 June 2006
12 June 2006
Leo Capital plc ('Leo Capital' or 'The Company') joins AIM
Leo Capital, an investment company with stakes in public and private US and UK
companies and funds, today announces the first day of trading of its shares on
the AIM market of the London Stock Exchange, under the ticker LEOC.L.
Admission to trading follows a demerger from London Merchant Securities. The
company has announced its results for the year ended 31st March 2006 today and
reported a pro forma net asset value per share at 31 March 2006 of 90 pence per
share.
N M Rothschild & Sons Limited is acting as lead financial adviser and nominated
adviser to Leo Capital plc. JPMorgan Cazenove Limited is acting as joint
financial adviser and corporate broker to Leo Capital plc.
Robert Rayne, Chief Executive, commented:
'This is a very significant day for Leo Capital as it starts life as an
independent public company. It has had a long and successful track record as
part of London Merchant Securities. This admission allows Leo Capital the
freedom to manage its assets, pursue an independent business plan and develop
its own shareholder base.
Leo Capital has clear investment objectives which are to invest in defined
growth sectors where management have prior investment experience and/or in which
a major 'platform' investment can be made, and seek realisations where the
company believes the proceeds could generate better returns deployed elsewhere.
The principal sectors for investment are Energy (including alternative energy),
Applied Technologies, Media and leisure, and Healthcare and medical.'
Enquiries
Leo Capital plc
Robbie Rayne Acting Chief Executive Officer 020 7935 3555
Tony Sweet Chief Financial Officer 020 7935 3555
Brunswick
Simon Sporborg 020 7404 5959
Nina Coad
Alex Tweed
This information is provided by RNS
The company news service from the London Stock Exchange
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