OXE Oxeco

 

TIDMOXE 
 
RNS Number : 8270D 
Oxeco PLC 
09 December 2009 
 

9 December 2009 
 
Oxeco plc 
 
Investing policy update 
 
 
The Company would like to clarify its investing policy in line with revised AIM 
Rules for investing companies. 
 
The company's investing policy is as follows: 
 
 
  *  To invest in companies or projects in the science and technology sectors 
  *  To invest through limited liability vehicles including company acquisitions, 
  joint ventures and minority holdings, or where appropriate through the purchase 
  of pure intellectual property 
  *  Any such acquisition may be deemed a reverse takeover as per AIM Rule 14 
  *  The investment may be passive or active which will be driven by the size of the 
  stake and the Company would like to retain the flexibility to assess this on a 
  case by case basis 
  *  The company will not be seeking to define any length of time for any investment 
  nor any target returns at this stage 
 
 
 
Update 
 
 
The Board are continuing to review appropriate targets in the science and 
technology sectors, however, no specific target has progressed beyond due 
diligence to date. The Company has GBP 2.3 million for the purposes of the 
investing strategy as defined in the above investing policy. 
 
 
 
 
For further information, please contact: 
 
 
+----------------------------------------+----------------------------------+ 
| Michael Bretherton                     | +44 (0) 20 7099 7266             | 
| Oxeco plc                              |                                  | 
| www.oxecoplc.com                       |                                  | 
+----------------------------------------+----------------------------------+ 
|  Ray Zimmerman/Jonathan Evans          | +44 (0) 20 7060 1760             | 
|  ZAI Corporate Finance Ltd.            |                                  | 
+----------------------------------------+----------------------------------+ 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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