IN BRIEF: London Finance & Investment capital reduction sanctioned

London Finance & Investment Group PLC - London-based investment finance and management company - Says the High Court of England & Wales has now sanctioned the capital reduction. Says it will now lodge the capital reduction and a statement of capital with the registrar of companies. After the registration of the documents, the capital reduction will take effect.

Late last month, shareholders approved the plan to return an estimated 71 pence per share in cash to them at a general meeting. The company will delist from the London Stock Exchange on Friday and the Johannesburg Stock Exchange will exit on Friday next week. The company had proposed this plan in December last year.

Current stock price in Johannesburg: ZAR15.10

12-month change: up 26%

Current stock price in London: 85.00 pence

12-month change: up 89%

By Artwell Dlamini, Alliance News reporter

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