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DJ Agneash Soft Commodities PLC Sale of Listed Investment Portfolio

 
TIDMASCP 
 
Agneash Soft Commodities plc 
 
                         ("Agneash" or "the Company") 
 
                      Sale of Listed Investment Portfolio 
 
The Company announces that the board of the Company and that of Athol Gold and 
Value Limited ("Athol") have reached agreement for Athol to purchase the entire 
listed investment portfolio of the Company (the "Portfolio). The consideration 
for this purchase (the "Transaction"), will be paid in ordinary shares in Athol 
("Consideration Shares") based on an unaudited valuation of the Portfolio and 
Athol ordinary shares ("Athol Shares") agreed upon by the directors of Athol 
and the Board as of 16 February 2012 (the `Valuation Date'). 
 
As of the Valuation date, the value of the listed Agneash Portfolio was GBP 
685,155 and the value of the Consideration Shares, based on the net asset value 
of Athol as at the Valuation Date of 0.33 pence and the closing mid-price of 
Athol shares of 0.27 pence per share as of the close of business on 17th 
February 2012, is GBP560,581. 
 
The Portfolio 
 
Company                  Exchange   Investment Held   Value as at   Value as at 
                                                      the Valuation 17 February 
                         (if any)                     Date          2012 (GBP) 
 
                                                      (GBP) 
 
Silvermere Energy Plc    AIM        Convertible loan  330,000           330,000 
                                    notes 
 
Nexus Management Plc     AIM        Ordinary Shares   8,775               8,775 
 
Chapel Down Group Plc    PLUS       Ordinary Shares   153,255           153,255 
 
Alpha Prospects Plc      PLUS       Ordinary Shares   150,000           150,000 
 
Early Equity Plc         PLUS       Ordinary Shares   43,125             43,125 
 
The Directors of the issuer accept responsibility for this announcement. 
 
                                   --ENDS-- 
 
ENQUIRIES: 
 
AGNEASH SOFT COMMODITIES PLC 
Grahame Rose 
+44 777 0644 408 
 
RIVINGTON STREET CORPORATE FINANCE 
+44 207 562 3393 
 

(END) Dow Jones Newswires

February 21, 2012 08:26 ET (13:26 GMT)