Disposal of shares in Finsbury Food Group plc

LONDON FINANCE & INVESTMENT GROUP PLC - Disposal of shares in Finsbury Food Group plc

PR Newswire

London, October 12

12 October 2015

London Finance & Investment Group P.L.C.

(‘Lonfin’)

Disposal of shares in Finsbury Food Group plc (“Finsbury”)

To satisfy market demand and increase the liquidity in Finsbury’s shares, Lonfin announces that on 12 October 2015, Lonfin Investments Limited (a subsidiary of Lonfin) sold 2 million shares in Finsbury, at a price of 100 pence per share, reducing its holding to 8 million shares, which represents 6.25% of the Finsbury issued share capital. Lonfin has been an investor in Finsbury since its inception and remains a committed investor in Finsbury. 

Sale proceeds of £2 million will be used to eliminate debt in the short term, and will be reinvested in support of Lonfin’s business model in due course. The profit realised on sale is £385,000 relative to the carrying value of this investment at 30th June 2015. In addition the sale realises £1,025,000 of the unrealised profits included in the financial accounts at 30th June 2015.

Enquiries:

London Finance & Investment Group P.L.C.

Telephone: 020 7796 9060