2 Nov 2018 07:00
Pires Investments PLC
("Pires" or the "Company")
Market Update
The Company reports that, as at 31 October 2018, its financial year end, its unaudited net asset value was approximately £950,000. This compares to £750,000 as at 30 April 2018 and represents an increase of approximately 27%. This increase is principally as a result of the performance of its principal investments in its portfolio - being Eco (Atlantic) Oil & Gas Limited and SalvaRx Group plc.
Chairman, Peter Redmond said;
"We are pleased with the performance of the investment portfolio which leaves us well placed to continue to develop the company".
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
Enquiries:
Pires Investments plc Peter Redmond, Director
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Tel: +44 (0) 20 7917 1817 |
Nominated Adviser Cairn Financial Advisers LLP Liam Murray/Tony Rawlinson
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Tel: +44 (0) 20 7213 0880 |
Broker Peterhouse Corporate Finance Duncan Vasey/Lucy Williams |
Tel: +44 (0) 20 7469 0935 Tel: +44 (0) 20 7469 0936
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PIRI.L (PIRI)