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20 Nov 2012 11:15
20 November 2012
Legendary Investments Plc
("Legendary" or the "Company")
Pongamia Flower, Update Bosques Energeticos EBE S.A. de C.V.
Legendary is pleased to announce that its investee company Bosques Energeticos EBE S.A. de C.V. ("Bosques") reports that its crop of elite Pongamia Pinnata ("Pongamia") has begun to flower. This is the first time that Pongamia has successfully flowered in Mexico, and it is believed to be the first time that Pongamia has flowered in Latin America. Pongamia typically flowers in 4 or more years. Bosques's Pongamia has exhibited its first flowers in 2.5 years.
The flowering continues to demonstrate the value in Bosques's strategy of sourcing and using elite products and conducting R&D to develop elite crops. The flowering which is a "first" builds upon the "first" that Bosques achieved by starting the first elite Pongamia mother garden in Mexico in November of last year.
Contact: | ||
Legendary Investments Plc | Zafar Karim / Thomas Reuner
| 020 8201 3536 |
Grant Thornton Corporate Finance
| Colin Aaronson/ Melanie Frean
| 020 7383 5100 |
Simple Investments | Nick Emerson/ Andrew Thacker | 01483 413500 |
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