REG - Paternoster Res. - Investment in Plutus PowerGen plc <Origin Href="QuoteRef">PRSPA.L</Origin>

Riverfort Global OpportunitiesAnnouncement

03/03/2017 12:50

RNS Number : 4949Y
Paternoster Resources PLC
03 March 2017
PATERNOSTER RESOURCES PLC
"Paternoster" or the "Company"
Investment in Plutus PowerGen plc
Paternoster notes yesterday's announcement by Plutus PowerGen plc ("Plutus") and the fall in its share price. As previously announced, the Company holds around 49 million shares in Plutus. On the basis of the Company's average cost of investment and the current Plutus share price of 1.42 pence, this investment is currently delivering a 4.9 times return on investment.
For more information please contact:
Paternoster Resources plc: 
Nicholas Lee, Chairman +44 (0) 20 7580 7576
 
Nominated Adviser and Joint Broker:  +44 (0) 20 7601 6100
Stockdale Securities
Antonio Bossi/David Coaten
Joint Broker:   +44 (0) 20 7562 3351
Peterhouse Capital Limited
Lucy Williams
PR: 
Cassiopeia Services +44 (0) 7949 690338
Stefania Barbaglio

This information is provided by RNS
The company news service from the London Stock Exchange
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