LFI London Finance & Investment Group Plc

 
TIDMLFI 
 
Date:         28th November 2013 
 
On behalf of: London Finance & Investment Group P.L.C ("Lonfin" or "Company") 
 
 
                   London Finance & Investment Group P.L.C. 
 
                        Annual General Meeting results 
 
 
 
AGM Results 
 
London Finance & Investment Group P.L.C. (LSE: LFI, JSE: LNF), the investment 
company whose assets primarily consist of two Strategic Investments and a 
General Portfolio, held its Annual General Meeting today and is pleased to 
report that all resolutions were passed by the required majority. 
 
 
 
The proxy votes that would have been cast for each resolution, had a poll been 
held, were as follows: 
 
 
 
Resolution        For    Against      Abstain 
 
    1       17,761,113       Nil          200 
 
    2       17,741,113       200       20,000 
 
    3       17,761,113       200          Nil 
 
    4       17,761,113       200          Nil 
 
    5       17,761,113       Nil          200 
 
    6       17,761,113       200          Nil 
 
    7       17,761,113       200          Nil 
 
 
 
 
The Chairman presented a summary of investments showing net assets per share, 
including investments at market value, and separately the net assets per share 
including the underlying investments of Western Selection P.L.C. at market 
value: 
 
 
 
Summary of Investments 
 
 
                                                       25 November      30 June 
                                                              2013         2013 
                                                              GBP000         GBP000 
 
Investment in associate at market value: 
 
Western Selection P.L.C.                                    4,323        3,930 
 
Strategic Investment at market value: 
 
Finsbury Food Group plc                                     6,030        5,490 
 
                                                        ----------   ---------- 
 
                                                           10,353        9,420 
 
General Equity Portfolio at market value                    5,800        5,601 
 
Tangible non-current assets                                     2            3 
 
Cash, bank balances and deposits                              185          116 
 
Bank loans                                                   (800)        (650) 
 
Other net (liabilities)/assets                               (170)          53 
 
Non-controlling interests                                     (79)         (81) 
 
Deferred Tax                                                 (421)        (204) 
 
                                                        ----------   ---------- 
 
Net assets, including investments at market value          14,870       14,258 
 
                                                            ======       ====== 
 
 
 
Net assets per share                                         47.7p        45.7p 
 
 
 
Net assets per share, including the underlying 
investments of 
 
Western Selection P.L.C. at market value.                    58.0p        53.8p 
 
 
 
 
 
 
Since our year ended 30th June 2013 our net assets per share, including 
investments at market value have increased by 4.4% from 45.7p to 47.7p at 25th 
November 2013. 
 
 
 
We currently hold 29 blue chip stocks in the UK, Europe and the USA and our 
strategic investments have performed well in the turbulent economic period with 
the value of Western Selection P.L.C. rising by 10% and Finsbury Food Group Plc 
rising by 10%. 
 
 
 
The Board remains positive for the coming months. 
 
 
 
 
Enquiries to: 
 
 
 
London Finance & Investment Group P.L.C. 
 
Lloyd Marshall                           020 7448 8950 
 
 
 
 
Notes to Editors: 
 
? Lonfin is an investment company whose assets primarily consist of two 
  Strategic Investments and a General Portfolio.  Strategic Investments are 
  significant investments in smaller UK quoted companies and these are balanced 
  by a General Portfolio, which consists mainly of investments in major U.K. 
  and European equities. 
 
 
 
? Its strategic investments comprise: Western Selection P.L.C. and Finsbury 
  Food Group plc.  Western Selection P.L.C. has strategic investments in 
  Creston plc, Swallowfield plc, Northbridge Industrial Services plc and Hartim 
  Limited.  The General Portfolio has material interests in Oil, Natural 
  Resources, Pharmaceuticals & Healthcare and Food & Beverages. 
 
 
 
 
 
 
END 
 

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