- ISIN GB00B2PKKY27
- Country United Kingdom
Pelican House Mining plc
Hellenic Capital plc: Notice of General Meeting
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Hellenic Capital plc (HECP) Hellenic Capital plc Notice of General Meeting Hellenic has posted a notice to shareholders convening a general meeting for 16 November 2016 with the purpose of approving a change in investment policy and a change of name. It is proposed that the Company will seek to invest in and/or to acquire companies and/or projects with potential for growth and value creation, over the medium to long term. The new Investment Policy will consider two sectors: the UK property investment, development and financing sector; and, the African natural resources sector. The purpose of pursuing two distinct policies in different sectors and geographical areas is to generate a steady income flow from the property investments, which will cover the overheads of the Company. In contrast to many other quoted natural resources companies we will be able to devote available capital to the generation of capital growth from our investments in that sector. I consider that to raise finance will be far easier if the Company can show it will use funds for development of an asset and not to finance day to day activities. To reflect the new Investment Policy it is proposed that the Company be renamed City and Commercial Investments plc. The letter to shareholders containing the notice of general meeting will be available free of charge for at least the next month on the Company’s website, http://www.helleniccapital.com/. 1 November 2016 Enquiries Hellenic Capital plc Keith, Bayley, Rogers & Co. Limited |
| Language: | English | |
| ISIN: | GB00B2PKKY27 | |
| Category Code: | NOG | |
| TIDM: | HECP | |
| Sequence Number: | 3547 | |
| Time of Receipt: | 01-Nov-2016 / 16:36 GMT/BST | |
| End of Announcement | EQS News Service |