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Trading Statement

Thursday 06 December, 2007

Landkom Intl Plc

Trading Statement

Landkom International Plc

06 December 2007

 

 

                           Landkom International Plc

 

 

                          ('Landkom' or 'the Company')

 

                                 Trading Update

 

 

Landkom International PLC (AIM:LKI), a leading producer of high-value

agricultural feed stocks including oilseed rape for supply to the European

biodiesel market and wheat for the food industry, is pleased to announce strong

progress made since its admission to AIM in November 2007.

 

In its admission document dated 15 November 2007, Landkom stated that its

planting of its first commercial crop was 90 per cent. complete. The Company is

pleased to announce that it has now met and in fact exceeded its target for 2007

of 10,000 hectares planted. This crop will be harvested in July and August 2008.

Landkom further confirms that it is on target to meet its objective of 50,000

hectares of land under lease agreements by the end of the year.

 

The upturn in prices of arable crops has resulted in a significant increase in

demand for agricultural equipment. Nonetheless, Landkom is pleased to confirm

that it has secured all of the critical equipment it requires to enable the

Company to deliver on its 2008 targets for harvesting and planting.

 

CEO Richard Spinks stated, 'We are delighted with the success of the IPO and we

are pleased to have already met the near term targets we have set ourselves for

the current year. We believe that the Company is very well positioned to

continue its strong growth into 2008 and beyond. We intend to keep the market

informed of our progress as we reach key milestones.'

 

 

 

For further information:

 

Landkom International Plc

 

Richard Spinks, CEO                                   Tel: +380 673 410 140

 

www.landkominternational.com

 

Libertas Capital

 

Aamir Quraishi/Stephen Pickup                         Tel: +44 (0)20 7569 9650

 

Hogarth (Financial PR)

 

Sarah MacLeod/ James Longfield                        Tel: +44 (0) 20 7357 9477

 

 

 

 


06 December 2007


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Landkom Share Price Index
LKI Current:    8.75p
52wk Minimum:    5.12p
52wk Maximum:    12.5p
Market Value:    Â£38.1 million
Last updated 03 September 2010
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