Falkland Islands Holdings PLC
25 November 2004
Falkland Islands Holdings plc
Falkland Gold and Minerals Limited
For immediate release 25 November 2004
The board of Falkland Islands Holdings plc ('FIH') is pleased to announce that
the proposed admission of Falkland Gold and Minerals Ltd. ('FGML') to AIM is
proceeding as planned.
FGML has announced details of its AIM admission today. The proposed placing
price of 40p per FGML Share values FIH's interest in FGML at £4.5million. FIH's
shareholding will represent 14.38% of FGML's enlarged share capital following
the FGML offer for subscription, if it is fully subscribed.
The issue of this announcement has been approved by the board of FIH. The
Directors of FIH are the persons responsible for the information contained in
this announcement. To the best of their knowledge and belief (having taken all
reasonable care to ensure that such is the case) the information contained in
this announcement is in accordance with the facts and does not omit anything
likely to affect the import of such information. Each of the directors of FIH
accepts responsibility accordingly.
This announcement has been approved for the purposes of section 21 of the
Financial Services and Markets Act 2000 by Dawnay, Day Corporate Finance Limited
('Dawnay Day'). Dawnay Day, which is regulated by the Financial Services
Authority, is acting for FIH and no one else and will not be responsible to
anyone other than FIH for providing the protections afforded to customers of
Dawnay Day.
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN
PART IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, SOUTH AFRICA OR
JAPAN
This information is provided by RNS
The company news service from the London Stock Exchange