24 Apr 2015 07:00
24 April 2015
Legendary Investments Plc("Legendary" or the "Company")
Bosques Energeticos S.A. de C.V. ("Bosques") pongamia seeds produce saplings
Bosques reported last month that both its first generation and second generation pongamia were producing seed pods in four and just over three years respectively, compared to the norm of five years. In addition, certain of the pods were producing particularly large pods in the region of 7cm long. This was a first in Mexico and the surrounding region.
Legendary is now pleased now to announce that the seeds produced by Bosques have germinated and are producing saplings, and therefore Bosques's work can be commercially leveraged. This is yet another landmark first for Bosques in Mexico and the region.
See: https://www.dropbox.com/s/8v3xhnysq1moloz/IMG-20150422-WA0006.jpg?dl=0
This development underlines how Bosques is continuing to pioneer the cultivation and development of pongamia in Mexico and the region. Importantly, as reported in Legendary's interim results, Bosques's success is being recognised, as can be seen in:
http://www.biofuelsdigest.com/bdigest/2014/12/16/a-new-three-legged-platform-for-the-advanced-bioeconomy-the-castor-jatropha-pongamia-strategy/
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For further information, please contact:
Legendary Investments Plc | Zafar Karim / Thomas Reuner
| 020 8201 3536 |
Grant Thornton UK LLP
| Colin Aaronson/ Melanie Frean / Harrison Clarke | 020 7383 5100 |
Beaufort Securities Limited
| Saif Janjua | 020 7382 8300 |
Peterhouse Corporate Finance
| Duncan Vasey/Heena Karani | 020 7469 0933 |
About Legendary Investments Plc
Legendary Investments Plc is a proactive investment company that focuses on making investments in and assisting companies which exhibit the potential to generate returns of many multiples through capital appreciation. Typically, Legendary invests in small companies where there are clear catalysts for value appreciation and the companies are operating in sectors exhibiting long term growth. Examples of such sectors include technology, energy and natural resources.
For more information, visit www.leginvest.com