5 Sep 2012 11:13
5 September 2012
LMS Capital plc
Sale of Method Products, Inc ("Method")
by San Francisco Equity Partners ("SFEP")
LMS Capital plc ("LMS Capital" or "the Company") is pleased to report that SFEP announced yesterday the sale of its interest in Method, the leading innovator in premium, eco-friendly household and personal care products. The Company's share of the net proceeds realised on sale is in line with its carrying value of Method as at 30 June 2012 which was $29.2 million.
As previously stated by the Board, it aims to announce a distribution to shareholders before the end of the current year and a further announcement on the Board's proposals will be made in due course.
For further information please contact:
LMS Capital plc | 020 7935 3555 |
Nick Friedlos, Director | |
Tony Sweet, Chief Financial Officer | |
J.P. Morgan Cazenove | 020 7742 4000 |
Michael Wentworth-Stanley | |
MHP Communications | 020 3128 8100 |
Tim McCall | |
Katie Hunt |
About LMS Capital
LMS Capital is an investment company which, following a General Meeting on 30 November 2011, is undertaking a realisation strategy with the aim of achieving a balance between an efficient return of cash to shareholders and optimising the value of the Company's investments. Its investment portfolio consists of small to medium sized companies in the consumer, energy and business services sectors.
www.lmscapital.com
Lms Capital (LMS)