6 Oct 2005 07:00
Draganfly Investments Ltd06 October 2005 Draganfly Investments Limited ("Draganfly" or "the Company") 6 October 2005 The Company's unaudited Net Asset Value ("NAV") as at 30 September 2005 was£3,458,768.58, resulting in a NAV per ordinary share of 3.03p. The Company is pleased to note the successful AIM flotation of one of its pre-IPO investments. Tuesday 4 October was the first day of trading on AIM of sharesin Acta S.p.A ("Acta"). Acta develops and produces platinum free catalysts forthe fuel cell industry. A placing raised GBP9 million for Acta and certainselling shareholders at 125p per share resulting in a market capitalisation ofGBP44.8 million when trading commenced. The Company's original investment ofapproximately £176,000 is worth approximately £386,000 at the placing priceyielding a return of around 120 per cent.. This gain arose following 30September and has therefore been excluded from the NAV figure stated above. Enquiries Dennis Edmonds 07796 338 372 Peter Harris Draganfly Investments Limited This information is provided by RNS The company news service from the London Stock Exchange