MFAI Mindflair Plc

TIDMPIRI

RNS Number : 1108G

Pires Investments PLC

02 November 2018

Pires Investments PLC

("Pires" or the "Company")

Market Update

The Company reports that, as at 31 October 2018, its financial year end, its unaudited net asset value was approximately GBP950,000. This compares to GBP750,000 as at 30 April 2018 and represents an increase of approximately 27%. This increase is principally as a result of the performance of its principal investments in its portfolio - being Eco (Atlantic) Oil & Gas Limited and SalvaRx Group plc.

Chairman, Peter Redmond said;

"We are pleased with the performance of the investment portfolio which leaves us well placed to continue to develop the company".

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

Enquiries:

 
 Pires Investments plc            Tel: +44 (0) 20 7917 1817 
  Peter Redmond, Director 
 Nominated Adviser                Tel: +44 (0) 20 7213 0880 
  Cairn Financial Advisers LLP 
  Liam Murray/Tony Rawlinson 
 Broker                           Tel: +44 (0) 20 7469 0935 
  Peterhouse Corporate Finance     Tel: +44 (0) 20 7469 0936 
  Duncan Vasey/Lucy Williams 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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