Update re SRG
05 Noviembre 2010 - 1:00AM
UK Regulatory
TIDMPMS
RNS Number : 6603V
Palmaris Capital PLC
05 November 2010
Palmaris Capital Plc
("Palmaris" or the "Company")
SRG Update
The Board of Palmaris, the investment company with a 16.1% holding in Scottish
Resources Group Limited ("SRG"), its sole remaining investment, has been
informed by SRG that it has decided to continue to defer its plans for a listing
on the London Stock Exchange.
Interest shown by investors was encouraging, and SRG continues to monitor stock
market conditions, as an IPO remains a potentially attractive option.
Palmaris will update the market further as and when appropriate.
SRG is the largest surface mining coal producer in the UK. As a result of
its mining operations, the group also has a strategic land portfolio in the
central belt of Scotland which represents a significant ongoing opportunity for
residential and commercial developments as well as for renewable energy
projects.
+------------------------------------+------------------------------------+
| For further information contact: | |
| | |
+------------------------------------+------------------------------------+
| Greg Melgaard, Managing Director | 07799 657 553 |
| www.palmariscapital.com | |
| | |
+------------------------------------+------------------------------------+
| John Llewellyn-Lloyd/Harry | 0207 456 9191 |
| Stockdale Execution Noble & | |
| Company Limited | |
| (Nominated Adviser) | |
+------------------------------------+------------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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