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Legendary Invest PLC (LEG)

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Monday 02 March, 2015

Legendary Invest PLC

Update on Bosques

RNS Number : 1759G
Legendary Investments PLC
02 March 2015
 



2 March 2015

Legendary Investments Plc
("Legendary" or the "Company")

Bosques Energeticos EBE S.A. de C.V. ("Bosques") pongamia trees producing seeds

Legendary is pleased to announce that its investee company, Bosques, has reported that both its first generation ("G1P") and second generation ("G2P") pongamia are producing seed pods.

The G1P trees, which are 4 years old, are producing large pods. Typically, pongamia trees take five years to produce pods. Certain of the G1P trees are producing particularly large pods in the region of 7cm long. See:
https://www.dropbox.com/s/d61s2kz843dcf3g/G1P%20pods.jpg?dl=0.

These trees have been selcted to to act as the mother trees for an orchard of high yielding generation three pongamia.

In addition, Bosques's G2P trees are also producing seeds, and in only just over three years since the G2P scions were rooted from specially selected breeds from India. See: https://www.dropbox.com/s/7gfrfz2bpflire9/G2P%20pods.jpg?dl=0.

These developments continue to demonstrate that Bosques is able to take plants developed in one area and successfully both cultivate and improve them under different conditions elsewhere.

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For further information, please contact:

Legendary Investments Plc

Zafar Karim / Thomas Reuner

 

020 8201 3536

Grant Thornton UK LLP

 

Colin Aaronson/ Melanie Frean / Harrison Clarke

020 7383 5100

Beaufort Securities Limited

 

Saif Janjua

020 7382 8300

SI Capital                

 

Nick Emerson/ Andrew Thacker

01483 413500

About Legendary Investments Plc

Legendary Investments Plc is a proactive investment company that focuses on making investments in and assisting companies which exhibit the potential to generate returns of many multiples through capital appreciation.  Typically, Legendary invests in small companies where there are clear catalysts for value appreciation and the companies are operating in sectors exhibiting long term growth. Examples of such sectors include technology, energy and natural resources.

For more information, visit www.leginvest.com


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