EC Biofuels EndorsementLandkom Intl PlcEC Biofuels EndorsementLandkom International Plc
28 January 2008
28 January 2008
LANDKOM INTERNATIONAL PLC
Landkom fully endorses proposed EC biofuels sustainability criteria
Landkom International PLC (AIM: LKI, 'Landkom' or 'the Company'), the Ukrainian
producer of high-value oil seed rape and wheat, fully endorses and supports the
transport biofuels targets and the strict environmental sustainability criteria
for biofuels proposed on 23 January 2008 by the European Commission.
In particular, Landkom supports the proposals relating to restrictions over the
use of forested land or land designated for forestry for crop production and
measures to be taken to reduce environmental damage by de-forestation.
All of the land leased and cropped by Landkom is non-forest arable land, which
has traditionally and legally been designated and used solely for the production
of crops such as wheat and oil seed rape for many decades and in some cases for
centuries.
Landkom aims to produce First Quality OO Grade Oil Seed Rape with full
provenance and adheres where possible to EU quality control standards and other
control assurances from field to silo.
Environmental impact studies commissioned by Landkom confirm that it does not
fall within any of the proposed EC criteria regarding environmental
sustainability. Moreover, the EU restrictions fully complement Landkom's
environmental and ethical ethos.
In addition to meeting all of the proposed environmental standards, Landkom's
activities are increasing levels of employment and social cohesion in the
region; are resulting in greater productivity from land that has been idle for
over a decade; and are supporting further investment into the local economies of
the regions in which Landkom operates.
Richard Spinks, Landkom Chief Executive, commented:
'We are fully compliant with the proposed directive from the European
Commission. We take our responsibilities regarding environmental sustainability
and climate change very seriously and we therefore welcome and fully support the
proposals.
'Getting this right is important. We not only have the ambition to become
Europe's largest single sustainable producer of oil seed rape and wheat within
three years but are also making a significant contribution to the improved
standard of living of the people living in the regions where we operate. This
supports the Regional Administrations' ambitious plans for social welfare and
economic improvement.'
For further information:
Landkom International Plc
www.landkominternational.com
Richard Spinks, Chief Executive Tel: +380 673 410 140
Libertas Capital
Aamir Quraishi/Stephen Pickup Tel: +44 (0)20 7569 9650
College Hill
Simon Whitehead/Adrian Duffield/Matthew Gregorowski Tel: +44 (0)20 7457 2020
Note to Editors
Landkom International
Landkom International PLC is a large scale producer of agricultural feedstock,
principally oil seed rape and wheat, for supply to the European biodiesel and
food industries.
Operating in Western Ukraine in the prime, fertile lands close to the border
with Poland, Landkom has secured a land bank in excess of 50,000 hectares and
has completed the plantation of its first commercial crop of over 10,000
hectares. Landkom has a target to increase the land bank in Ukraine to at least
350,000 hectares by 2011.
Landkom is implementing Western-style agronomy practices using modern
agricultural equipment to carry out efficient, large-scale farming techniques
that will result in greater return from the land, increase levels of employment
in the region and support further investment into the local economy.
Following first round funding in April 2007 of £6.9 million, Landkom completed a
listing on AIM in mid November 2007 raising net £50.1 million at a valuation of
£98.4 million.28 January 2008
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Landkom Share Price Index
LKI Current: 8.75p 52wk Minimum: 5.12p 52wk Maximum: 12.5p Market Value: £38.1 million Last updated 03 September 2010
Landkom on course to achieve profits
Interim Results
Notice of Interim results - 20 July 2010
Landkom International PLC (AIM: LKI), the Ukrainian producer of agricultural commodities, will be publishing its Interim results for the six months to 30 April 2010 on Tuesday, 20 July 2010
29 June 2010 Read more...
35,000 tonnes of rapeseed sold forward at approximately $318 per tonne
Completion of Spring Planting
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