Update on Proposed Change of Investment Policy

RNS Number : 3417X
LMS Capital PLC
27 August 2015
 

 

 LMS Capital plc ("the Company")

 

Update on proposed change

of investment policy

 

 

27 August 2015

 

 

Further to the announcement made by the Company on 28 July 2015, the Board of LMS Capital today announces that, following representations from and discussions with certain shareholders, the proposals contained in the circular to shareholders dated 24 July 2015 (in connection with a proposed change in investment policy) have been withdrawn and the General Meeting convened in connection with those proposals has been adjourned indefinitely.

 

Since the Company published its 2015 half year report on 24 July 2015 it has continued to see progress with realisations and it is currently expecting completion of two transactions in the near term. When the outcome and timing of these transactions is known the Board expects to be in a position to announce a further return of capital to shareholders.

 

 

For further information please contact:

 

 

LMS Capital plc

Nick Friedlos, Executive Director

Tony Sweet, Chief Financial Officer

 

020 7935 3555

J.P. Morgan Cazenove

Nick Friedlos, Executive Director

William Simmonds

 

020 7742 4000

 

 

www.lmscapital.com

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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