Polo Resources Limited Response to Press Speculation (0540Q)
February 14 2019 - 7:09AM
UK Regulatory
TIDMPOL
RNS Number : 0540Q
Polo Resources Limited
14 February 2019
14 February 2019
This announcement contains inside information as defined in
Article 7 of the EU Market Abuse Regulation No 596/2014 and has
been announced in accordance with the Company's obligations under
Article 17 of that Regulation.
POLO RESOURCES LIMITED
("Polo" or the "Company")
Response to Press Speculation
Polo Resources Limited (AIM: POL), the multi-sector investment
company with interests in oil, gold, coal, copper, phosphate,
lithium, iron and vanadium, notes that a recent press article
publishing the views of a purported minority shareholder of Polo
Resources, has served to create unnecessary and inaccurate
speculation surrounding the Company.
Polo, has, without success so far, attempted to contact the
originator of the article in order to formally answer this
purported shareholder's concerns. Further efforts will be made to
contact the author in order to clear up a number of inaccuracies
that appear in the article.
Polo takes this opportunity to make clear that it remains a long
term supportive and activist investor in all companies held within
the investment portfolio and has no plans to dispose of any
significant investment stake at this time. The Company continues to
focus on our stated investment strategy, which is to continue to
support our current investee companies and work to realise and
return value to shareholders through timely and appropriate
transactions and specifically the appreciation in the value of the
Company's shares rather than by means of distribution as previously
approved by shareholders.
For further information, please contact:
Polo Resources Limited
- Kudzayi Denenga, Investor Relations +27 (0) 787 312 919
Allenby Capital Limited (Nominated
adviser & broker)
- John Depasquale +44 (0)20 3328 5657
Blytheweigh (Public relations)
- Julia Tilley, Jane Lenton, Fergus
Cowan +44 (0) 207 138 3204
About the Company
Polo Resources Limited is a multi-sector investment company
focused on investing in undervalued companies and projects with
strong fundamentals and attractive growth prospects. For complete
details on Polo, please refer to: www.poloresources.com.
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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