PLC News 2008
06 May 2008
Director's Dealing
The Company has been informed that a trust in which Christopher Labrow, a Non-Executive Director of the Company, has an interest, today purchased 50,000 ordinary shares of 0.001 pence in the Company at 22.5 pence. Mr Labrow now has a beneficial interest in 211,104 shares (representing 0.93% of the Company's issued share capital).
For further information:
| SovGEM Limited | |
| Hugh de Lusignan, Chief Executive Officer | Tel: +44 (0) 20 7389 0655 |
| hdelusignan@sovereigngroup.com |
NOMAD & Broker
| Landsbanki Securities (UK) Limited | |
| Tom Hulme / Sebastian Jones | Tel: +44 (0) 20 7426 9000 |
| tom.hulme@landsbanki.com |
Media enquiries:
Abchurch Communications Limited |
|
| Quincy Allan | Tel: +44 (0) 20 7398 7710 |
| quincy.allan@abchurch-group.com | www.abchurch-group.com |
Notes to Editors
SovGEM Limited is an emerging market finance house incorporated in Jersey. Its geographic investment focus includes China and other emerging markets. SovGEM joined AIM in November 2004 (AIM: SOV). Since joining AIM (23 November 2004) its Net Asset Value has increased from 12.6p to 27.4p (as of 21 April 2008).
The Company invests in high-growth companies, virtually all of which are also already profitable. SovGEM has an extensive network of professional advisors and associates giving the Company access to the small cap Chinese and other emerging markets. The Company aims to realise profits by investing in these companies as they undertake a major step change either through listing, evolving to a more senior financial market or undertaking an attractive rights issue. These investments may comprise straight equity or debt instruments with an equity conversion scheme.
Further information can be found at www.sovgem.com