BWA Group Plc

August 15, 2014 02:00 ET

Trading Update to 31 July 2014

                                                                                                  15 August 2014
                                                  BWA GROUP PLC
                                            ("BWA" or the "Company")
                                         Trading Update to 31 July 2014

BWA  Group Plc, the ISDX Growth Market listed investment company, is pleased to provide a trading update for  the
quarter ended 31 July 2014.

In  June  2014, the Company arranged for its shareholders to receive, free of charge, ordinary shares in a  newly
established  company, Natural and Mineral Assets Limited ("NAMA"), on the basis of one share  in  NAMA  for  each
share held in BWA.  Subsequently, NAMA has issued an information memorandum seeking to raise up to £500,000 at  a
price  of  0.1p per share to fund the acquisition of a mining and exploration company operating in Greenland.   A
copy  of the information memorandum has been sent to all shareholders of BWA by virtue of their holding in  NAMA.
BWA  also received a holding of shares in NAMA free of charge. At the price at which NAMA shares are proposed  to
be issued in that company's fundraising, BWA's holding in NAMA would be valued at £45,000.

The other major investment held by BWA, Prego International Limited ("Prego"), is also in the course of a further
fund  raising at a price of 0.95p per share. BWA shareholders received an initial tranche of shares in Prego free
of  charge  and were given the opportunity to participate in the first round of that company's fundraising  at  a
price of 0.15625p per share.

The board continues to look for opportunities for a reverse takeover transaction for BWA.
The Directors of BWA are responsible for the contents of this announcement.

For further information please contact:

BWA Group Plc
Richard Battersby (Non-Executive Chairman)                                        07836 238 172

Peterhouse Corporate Finance Limited
Mark Anwyl or Duncan Vasey                                                        020 7469 0930

Contact Information

  • BWA Group Plc