Langbar - Aktienkurs 75 Prozent unter Buchwert! - 500 Beiträge pro Seite

[Kuhlake]

WKN: A0F68E
Aktie hat einen Buchwert von 225p per share!
Dies entspricht 3,35 € pro Aktien!



Regulatory Announcement

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Company Crown Corporation Limited
TIDM CCO
Headline AGM Statement
Released 10:45 25-Jul-05
Number 2366P



RNS Number:2366P
Crown Corporation Limited
25 July 2005


CROWN
CORPORATION

AGM STATEMENT

At today`s Annual General Meeting of Crown Corporation ("Crown" or "the
Company"), the AIM-listed investment company, the Acting Chairman, Stuart
Pearson made the following statement.

"I would like to comment on our current position and our strategy.

OUR ASSETS

Philip Wood and I visited Brazil two weeks ago and obtained the verifications we
required in respect of our cash deposits. We issued a Press Announcement to that
effect on 19th July 2005.

We have some work to do in finalising the formalities of the bank accounts as we
are new signatories, such as the verification procedures necessary because we
are foreign depositors and we have a name change to register with the bank.

As of today, all our share capital comprises common-shares and I will re-iterate
in response to enquiries we have received that our founders shares are agreed to
be converted into common shares and resolution 9 formally approves that
agreement.

I present to the meeting a Pro forma Balance Sheet and from this you will see
that our net assets are in excess of £350m. We have approximately 155 million
shares in issue, which equates to 225p per share. Our deposits are earning
interest at 7.5% per annum, equivalent to £25m per annum. At the closing mid
market price on the London Stock Exchange of 62.5p on Friday 22nd July 2005, our
market capitalisation was £97million.

STRATEGY

Our strategy is both simple and broad and has not basically changed from the
strategy outlined in our Prospectus issued upon Admission to AIM.

We intend to invest in high growth businesses, generally through a majority
stake, but not always, and then assist those businesses to grow. We plan to exit
our investments through flotation or trade sale. If flotation is the chosen
route, it is unlikely we shall exit completely.

To help us achieve this, we are actively looking to strengthen our Board and
management team".

Post the authorisation at the AGM the name of the Company will be changed to
Langbar International Limited.

For further information, please contact: 25th July 2005

Crown Corporation Limited Tel: [phone]
Stuart Pearson, Chief Executive

Bankside Consultants Tel: [phone]
Michael Padley / Susan Scott


Further information on Crown Corporation is available on its website:
www.crowncorporation.com


CROWN
CORPORATION


UNAUDITED PROFORMA BALANCE AS AT 30 JUNE 2005

£000`s

Fixed Assets 6

Investments note 1 1,000

Current Assets

Debtors note 2 1,000

Cash Deposits note 3 360,000
_______

Total Assets 362,006


Short term creditors 806

Long term creditors 8,500
-----

9,306
_______

£ 352,700
_______


Share capital 100

Reserves - non distributable 332,500

- distributable 20,100
_______

£ 352,700
_______

Assumptions

(1) Audited Balance Sheet as at 31 December 2004
(2) Acquisition of Langbar Capital Limited
(3) Acquisition of Crown Pharma cash deposits


Note 1 £000

400,000 Global Advertisement research Corp USA 400
1,500,000 Global Consulting AG Inc USA 600

Other assets

500,000 options Zander Corporation Ltd UK
5,000,000 options MOS International plc UK
800,000 options Real Affinity plc UK
_____
1,000
_____

Note 2

Prepayments, sundry debtors 400
Overdue Promissory Note 600
_____
1,000
_____

Note 3

Term Dollar Deposits maturing Dec 2009
Interest: 7.5% 360,000
_______



ENDS






This information is provided by RNS
The company news service from the London Stock Exchange

END




©2004 London Stock Exchange plc. All rights reserved

[sanremo]

Hi,

sehe ich auch so. Kursziel 2,80-3,00 Euro.

Stromg buy.

Sanremo

[westcliff]

siehe auch Crown...Namensänderung im August 2005 in Langbar