BWA Group Plc

April 04, 2011 02:01 ET

Trading Update

                                                                                      4 April 2011
                                           BWA Group Plc
                                     ("BWA" or the "Company")

                                          Trading Update

Following  the  successful conclusion of the Requisitioned Meeting held  on  31  March  2011,  the
Directors  of  BWA are pleased to provide shareholders with a trading update for the  year  to  30
April 2011.

In accordance with BWA's investment strategy, the Company has acquired a number of minority or
passive stakes in the securities of other businesses. In the period since 1 May 2010, the Company
has achieved realised gains on these investments of £90,000 (before tax).

At  31  March 2011, BWA held the following investments which are traded on either the PLUS or  AIM
                                                                                     Cost (£)

Charles Street Capital plc *             3,750,000 Ordinary shares                  8,437.50
Webb Capital plc                            60,000 Ordinary shares                 15,000.00
Athol Gold Ltd                           2,500,000 Ordinary shares                 12,500.00
Pathfinder Minerals plc                    426,316 Ordinary shares                 20,260.00
First Artist Corporation plc               175,000 Ordinary shares                 35,000.00
Premier Management Holdings plc            500,000 Ordinary shares                 15.000.00
Silvanus ONE plc                         4,415,385 Ordinary shares                 15,000.00

*  Charles  Street  Capital  plc  is currently suspended on AIM pending  a  potential  substantial

The  Company  has also invested in, or committed to investing in, three unquoted companies  for  a
total consideration of £65,000.

In addition, the Company invoiced fee income of £50,000 during the period.

Exceptional costs of some £21,000 were incurred in convening the Requisitioned Meeting referred to
above, of which £1,000 was contributed by the Requisitioners.

The  Board  continues to seek one or more appropriate larger investments but has  been  distracted
from this task over the last month by the Requisitioned Meeting.

It is anticipated that the Company's results for the year ended 30 April 2011 will be announced by
the end of July 2011.

The Directors of BWA Group Plc are responsible for the contents of this announcement.


For further information please contact:

BWA Group Plc
Richard Battersby (Non-executive Chairman)                 07836 238172

St Helens Capital Partners LLP
Mark Anwyl or Duncan Vasey                                020 7368 6959

Contact Information

  • BWA Group Plc