RNS Number : 7257F
Ludgate Environmental Fund Limited
18 January 2010
 


Ludgate Environmental Fund: NAV Update 



Ludgate Environmental Fund announces that as at 31 December 2009 the unaudited Net Asset Value per Share of the Company was 104p (at 30 September 2009: 107p).


About Ludgate Environmental Fund:


Ludgate Environmental Fund Limited ("LEF" or "the Fund") invests in a diverse portfolio of late stage opportunities in the European cleantech sector.


Applying an active management approach, LEF invests growth capital into cleantech companies. The underlying drivers in this sector are strong: increasing strains on natural resources; rising concerns over waste and pollution; increasing public support; and maturing environmental technologies. Focus areas of the Fund include alternative energy; waste management and resource recovery; energy efficiency; water management; industrial process advances and emission reduction technologies.


LEF was launched in August 2007 and further fundraisings completed in March and November 2008 have seen assets increase to approximately £50 million. The Fund is a Jersey domiciled closed-ended investment company, quoted on AIM under the symbols LEF.L for the shares and LEFW.L for the warrants.


Website: www.ludgateenvironmental.com 


Ludgate Environmental Fund

John Shakeshaft                                         +44 (0)7771 976 278


Ludgate Investments Limited

Nick Pople / Nigel Meir                               +44 (0)20 7621 5770


Media Enquiries

Shared Value Limited

Peter Edsinger                                             +44 (0)20 7321 5038


NOMAD

PricewaterhouseCoopers LLP

Melville Trimble                                            +44(0)20 7213 8898


Broker

Matrix Corporate Capital LLP 

Paul Fincham                                               +44 (0)20 3206 7175



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