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Legendary Invest PLC (LEG)

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Tuesday 29 November, 2011

Legendary Invest PLC

Rooting of elite Pongamia scions in Mexico

RNS Number : 9283S
Legendary Investments PLC
29 November 2011

29 November 2011

Legendary Investments Plc


("Legendary" or the "Company")




Legendary is pleased to announce the successful shipment and rooting of elite Pongamia scions ("scions") taken from mother trees in India and planted in Mexico by its investee company Bosques Energeticos EBE S.A. de C.V. ("BE EBE"). 


Pursuant to the Intellectual Property Licence and Service Agreement between Legendary and BE EBE of April 2011, Legendary sourced scion material from India, provided relevant agricultural expertise and managed the shipment of the scions from India to Mexico.


1000 units of scion material were shipped in November 2011 of which 86% have rooted. Generally, results of 50% or more are considered successful. This pilot is expected to be the precursor to transport and plant, in larger volumes, scion material.  The scion material will be used to start what is believed to be the first elite Pongamia mother garden in Mexico and will assist BE EBE in its programme to plant out and cultivate large areas of bio diesel producing plantations. Generally, each scion can be expected to produce from five to ten scions within eighteen months.


This is believed to be the first reported instance of elite Pongamia scions successfully transported from India and rooted in Mexico for commercial use.



Legendary Investments Plc

Rajesh Rai / Thomas Reuner

020 8201 3536

Grant Thornton Corporate Finance


Colin Aaronson/ Melanie Frean


020 7383 5100

 Simple Investments                

Nick Emerson/ Andrew Thacker

01483 413500


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

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