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Friday 24 April, 2015

Legendary Invest PLC

Bosques update: pongamia seeds produce saplings

RNS Number : 1922L
Legendary Investments PLC
24 April 2015
 



24 April 2015

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

Bosques Energeticos S.A. de C.V. ("Bosques") pongamia seeds produce saplings

Bosques reported last month that both its first generation and second generation pongamia were producing seed pods in four and just over three years respectively, compared to the norm of five years. In addition, certain of the pods were producing particularly large pods in the region of 7cm long. This was a first in Mexico and the surrounding region.

Legendary is now pleased now to announce that the seeds produced by Bosques have germinated and are producing saplings, and therefore Bosques's work can be commercially leveraged. This is yet another landmark first for Bosques in Mexico and the region.

See: https://www.dropbox.com/s/8v3xhnysq1moloz/IMG-20150422-WA0006.jpg?dl=0

This development underlines how Bosques is continuing to pioneer the cultivation and development of pongamia in Mexico and the region. Importantly, as reported in Legendary's interim results, Bosques's success is being recognised, as can be seen in:

 http://www.biofuelsdigest.com/bdigest/2014/12/16/a-new-three-legged-platform-for-the-advanced-bioeconomy-the-castor-jatropha-pongamia-strategy/

-  Ends-

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

Peterhouse Corporate Finance

 

Duncan Vasey/Heena Karani

020 7469 0933

 

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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