Lagan Capital PLC Result of General Meeting (8859K)

TIDMLGN

RNS Number : 8859K

Lagan Capital PLC

28 August 2012

LAGAN CAPITAL PLC

(the "Company")

Result of General Meeting

The Company announces that at the General Meeting of the Company, held earlier today, all resolutions, including, inter alia, the resolutions to amend the Company's investing policy and increase the Directors' authorities to allot new Ordinary Shares, were duly passed.

The Company's Investing Policy following the General Meeting is as follows:

'The Company's investing policy is to acquire a diverse portfolio of direct and indirect interests in exploration and producing projects and assets in the natural resources sector ("Investing Policy"). The Company will consider possible opportunities anywhere in the world.

The Company may invest by way of purchasing quoted shares in appropriate companies, outright acquisition or by the acquisition of assets, including the intellectual property, of a relevant business, or by entering into partnerships or joint venture arrangements. Such investments may result in the Company acquiring the whole or part of a company or project (which in the case of an investment in a company may be private or listed on a stock exchange, and which may be pre-revenue), and such investments may constitute a minority stake in the company or project in question.

The Company may be both an active and a passive investor depending on the nature of the individual investments but would typically have local ownership and may benefit from further funding and western mining knowledge. Although the Company intends to be a long-term investor, the Directors will place no minimum or maximum limit on the length of time that any investment may be held.

The Directors may offer new Ordinary Shares by way of consideration as well as cash, thereby helping to preserve the Company's cash for working capital. The Company may in appropriate circumstances, issue debt securities or otherwise borrow money to complete an investment. The Directors do not intend to acquire any cross-holdings in other corporate entities that have an interest in the Ordinary Shares.

There are no restrictions in the type of investment that the Company might make nor on the type of opportunity that may be considered other than as set out in this Investing Policy.'

For further information, please contact:

 
Peter Holmes            Lagan Capital plc            07590 984 935 
 
                                                        00353 8728 
Stephen Casey           Lagan Capital plc                    44790 
 
 
                        Northland Capital Partners 
Luke Cairns / Matthew    Limited 
 Johnson                 (Nomad and Broker)          020 7796 8800

This information is provided by RNS

The company news service from the London Stock Exchange

END

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