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Athol Gold & Value (MAFL)

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Tuesday 03 January, 2012

Athol Gold & Value

Acquisition

RNS Number : 8339U
Athol Gold and Value Limited
30 December 2011
 



 

ATHOL GOLD AND VALUE LIMITED

 

("Athol" or the "Company")

 

Completion of Acquisition

 

 

The Directors of Athol are delighted to announce that, at a general meeting held earlier today, shareholders in Worship Street Investments Limited ("Worship Street") approved the sale of its investment portfolio and cash to Athol.  Worship Street will now delist from PLUS and distribute to all of its 450 shareholders the 305,432,127 Athol Shares it acquired pursuant to the transaction.

Jennifer Allsop said:

"Our Funds Under management have today increased by almost 50%. We have more than doubled our shareholder list. Other deals of a similar nature are in the pipeline and our aim of creating a vehicle with highly liquid shares, serious funds under management and which  is able to deliver value by rationalising the plethora of sub critical investment companies on AIM and PLUS has moved one step closer. We look forward to 2012 with extreme confidence."

 

 

For further information contact:

 

Athol Gold Limited

Jennifer Allsop, Executive Chairman

 

+44 7788 451 744

 

 

Libertas Capital Corporate Finance Limited

Sandy Jamieson

 

+44 207 569 9650

 

 

XCAP Securities plc

John Grant / Jon Belliss

 

+44 207 101 7070

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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