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Legendary Invest PLC (LEG)

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Monday 03 September, 2018

Legendary Invest PLC

Appointment of Lord Nicholas Monson as NED

RNS Number : 5956Z
Legendary Investments PLC
03 September 2018
 

3 September 2018

Legendary Investments PLC ("Legendary")

Appointment of Lord Nicholas Monson as Non-Executive Director

Legendary is pleased to announce the appointment of Lord Nicholas Monson as a Non-Executive Director with immediate effect. For much of his career, Nicholas has been successfully advising private and listed companies on communications and business strategy.

Lord Monson commented: 

"I am honoured to join the board of a company with such promising prospects. The holdings within the company are potentially within sight of realising valuations on aggregate, substantively in excess of the cost to Legendary Investments of their original purchase price. This thereby validates the bespoke investment model developed and implemented by the two talented executive directors, Zafar Karim and Thomas Reuner."

 Zafar Karim, Executive Chairman of Legendary Investments PLC, commented:

"We are delighted to have Lord Monson join the board at this key point in Legendary's evolution. The growth in assets achieved over the last several years attests to the success of the investment model. Further potential is attested to by our ability to attract an individual of Lord Monson's capability, communications and strategic experience and network."

The following additional information is provided in accordance with paragraph (g) of Schedule Two of the AIM Rules for Companies in relation to the appointment of Lord Nicholas John Monson (aged 62):

Current Directorships / Partnerships                   

None

Past Directorships / Partnerships (last 5 years)

Grenfell Consulting Ltd

Carlton Financial Structures Limited

The Alexander Monson Foundation

As part of Lord Monson's appointment, he will be issued options over 100 million ordinary shares of 0.1 pence nominal value each. The exercise price of the options will be 0.2 pence per share and a further announcement will be issued with further details in due course. Lord Monson does not currently hold any beneficial interest in the Company.

- ENDS -

Legendary Investments PLC

Zafar Karim / Thomas Reuner

 

020 8201 3536

Nominated Adviser



Grant Thornton UK LLP

Broker

Colin Aaronson / Harrison Clarke

020 7383 5100

S.P. Angel Corporate Finance LLP

 

Richard Parlons / Richard Morrison

020 3470 0470

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain. 

About Legendary Investments PLC

Legendary Investments PLC focuses on assisting companies and making investments which exhibit the potential to generate returns of many multiples through capital appreciation.  Typically, Legendary takes stakes 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.

www.leginvest.com 


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