PMS Palmaris Cap.

 

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 
 
 FUREAKFLEAPEFFF 
 

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