Letchworth Investments Ltd
Overview
Letchworth Investments Ltd was formed to provide shareholders of the previously AIM listed entity Fayrewood Group with the opportunity to obtain a full cash exit for their holding, or a Part Share Alternative, following the acquisition by Letchworth of the entire share capital of Fayrewood via a Scheme of Arrangement carried out in early 2009. Following disposals by Fayrewood of its businesses which culminated in 2008, the Company was left with cash assets from which Letchworth intends to realise cash returns for shareholders, whilst holding sufficient deposits to cover any potential liabilities arising from the disposal process. Letchworth also intends to allow shareholders to participate in the ongoing risks and rewards associated with the cash assets and aims to realise the maximum cash return to the shareholders as soon as is practicable.
Historic Prices
No auction history
| Next auction date | Indicative price | Highest bid (p) | Lowest offer (p) | Market type | Auction frequency | Next auction time |
| 15 Oct 10 | n/a | 40.00 | n/a | Open | Quarterly | 1:00pm |
Announcements
| Title | Date |
| Share Trading - Start of Close Period | 01 Jul 10 |
| Chairman's Interim Statement | 15 Mar 10 |
| Share Trading - End of Close Period | 15 Mar 10 |
Report & accounts
| Title | Date |
| Interim Results to December 2009 | 15 Mar 10 |
| Report and Accounts to June 2009 | 29 Sep 09 |
| Balance Sheet as at February 2009 | 20 Mar 09 |
Fundamentals
| Year ending | Sales (£m) | Pre-tax profit (£m) |
| 30 Jun 2009 | N/A | N/A |
Directors
| Name |
| David Kleeman |
| Sir A D (Tim) Chessells |
| Richard Templeton |
| Simon Wharmby |
Website
www.fayrewood.co.uk