Land Initiatives PLC Launches Public Offering
Opportunity for Land Investment with Planning Permission Prospect
(PRWEB) February 16, 2005 -- Land Initiatives PLC makes a public launch today, which provides an opportunity for individual investors to take an interest in land ownership with the investment advantages of both the property and equity markets.
Shares in the company are being offered to the public via a prospectus. LI Holdings Limited owns all of the issued share capital in Land Initiatives PLC at the offer date and is looking to sell a minimum of 25% of its shareholding.
The total offer amounts to 2.1 million with the sale of 21 million shares. The offer commences on 14th February 2005. The price for the shares, which will be available until 14th April 2005, is 10.0p per share for the first 10,000 invested. Then for the next 10,000 invested, a 10% discount on the offer price is available and for shares purchased above 20,000 this discount rises to 20%. The minimum individual investment is 1,000. Further details of the offer are detailed in the Land Initiatives PLC prospectus.
The Company holds 184 acres of strategically located land southwest of Oakley, near Basingstoke, Hampshire, with an option agreement with major house builder. The site has been selected with the guidance of independent chartered town planners and surveyors. It could carry up to 1,500 new homes and appropriate infrastructure, with minimal visual impact for such a development. The site is strategically placed near the Basingstoke Western Transport Corridor, a recognised requirement of the Structure Plan Policy covering the area.
A tenancy is in place for agricultural use of the land, yielding a reasonable income prior to any change in its development status. Returns on investment would be maximised with the 'planning gain of permission being granted for residential use.
Gavin Walker, Finance Director of Land Initiatives PLC, said We believe that the site is well positioned for permission to be granted, as the Basingstoke area has a key role in the Governments plans to meet housing demand in the Southeast and Hampshire and has one of the highest forward housing targets in the region".
Land can be a sound investment and prices in the UK have witnessed considerable rises. Our land has been purchased with the specific objective of realising value increases over time. Most of that is created if planning permission is granted on the land, which could generate a substantial profit for shareholders. Traditionally, it has tended to be large development companies or a few fortunate individuals who have made money from planning gains," continued Walker.
Walker concluded by quoting Mark Twain. He wisely said 'Buy in land --they dont make it anymore. Investing in Land Initiatives means land ownership no longer has to be the preserve of the fortunate few or the already rich."
For further information or copies of the prospectus, please telephone:
G Walker, Finance Director, Land Initiatives plc
020 7788 0077
N Simpson, Marketing Manager, Land Initiatives plc
020 7788 0077
Ronel Lehmann, Lehmann Communications plc
020 7266 3020
Adrian Lithgow, Lehmann Communications plc
020 7266 3020
Matthew Longbottom, Lehmann Communications plc
020 7266 3020
Notes to Editors
1. Land Initiatives Holdings Limited is offering shares in Land Initiatives PLC. The offer price for shares is 10p, with a minimum investment of 1000.
2. Investment in Land Initiatives PLC should be made only on the basis of the Prospectus, which is available from the registered office.
3. The open offer is for the period of 14th February 2005 until 14th April 2005, but may be extended following agreement by the directors.
4. This document has been approved as a financial promotion for the purpose of section 21 of the Financial Services & Markets Act 2000 by Vantis Corporate Finance, 82 St John Street, London, EC1M 4JN
5. The prospectus has been drawn up in accordance with The Public Offers of Securities Regulations 1995 (as amended).
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