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19 Jan 2009 14:55
Ludgate Environmental Fund Limited
(the "Company")
Ludgate Environmental Fund announces that in the three month period to 31st December 2008 the Net Asset Value per Share of the Company has risen from 110.65p to 111.81p.
Administrator
Mourant & Co Limited
22 Grenville Street
St. Helier
Jersey
JE4 8PX
Tel: 01534 609000
Investment Adviser
Ludgate Investments Limited
80 Cannon Street
London
EC4N 6HL
Tel: 020 7621 5770
About Ludgate Environmental Fund:
Ludgate Environmental Fund ("Ludgate Environmental" or the "Fund") is a Jersey domiciled closed-ended investment company, listed on AIM. The Fund was launched in August 2007, raising £26.7 million at listing. A further £3.0 million was raised by the Fund in February 2008 and an additional £17.9 million was raised in November 2008.
The Environmental/Cleantech sector is characterised by products and services which optimise the use of natural resources while reducing environmental impact in ways that enhance economic value. Opportunities include: energy efficiency and alternative energy sources including renewable energy; water treatment and management; waste management and resource recovery; industrial process advances; and emission reduction technologies.
Ludgate Environmental has been launched to enable experienced and sophisticated investors to participate in a diverse portfolio of investment holdings in Environmental/Cleantech companies. Ludgate Environmental believes that there are a number of key drivers of growth, both in terms of business and investment activities, within this sector including:
increasing demand for, and decreasing supply of, natural resources;
rising concern over the economic costs of waste accumulation and pollution;
growing awareness of environmental issues amongst the public; and
environmental technology advances in recent years.
The Fund's Investment Adviser, Ludgate Investments Limited, has significant experience and a successful track record of investing in and helping to build companies within this sector.
Ludgate Environmental Fund
John Shakeshaft +44 (0)20 7591 4800
Ludgate Investments Limited
Nick Pople / Nigel Meir +44 (0)20 7621 5770
Media Enquiries
Carbon International Limited
David Hopkins / Samantha Hill +44 (0)20 7483 3343
NOMAD
PricewaterhouseCoopers LLP
Melville Trimble +44(0)20 7213 8898
Broker
Fairfax I.S. PLC
Ewan Leggat +44 (0)20 7598 5368
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