Pires Investments Plc is an investing company listed on AIM, focused on opportunities principally, but not exclusively in the resources and energy sectors. The Company will initially focus on projects located in Asia but will also consider investments in other geographical regions. The Company may be either an active investor and acquire control of a single company or it may acquire non-controlling shareholdings.

Latest News:

The company have just raised funds at a 43% premium to the shareprice and stated
they are going to adopt a new investing policy.They are cashed up and have no debt
so might turn into an interesting punt.



30 July 2013

Pires Investments Plc ("Pires" or the "Company")

Issue of Equity

Pires Investments ("Pires" or the "Company"), the AIM quoted natural resource investment company, is pleased to announce that the Company has raised £500,000 by way of an issue of 500,000,000 new ordinary shares of 0.1 pence each (the "Placing Shares") at a placing price of 0.1 pence per share.

The placing price represents a 43% premium to the closing mid-market share price on 29 July 2013.

The Placing Shares will, when issued, be credited as fully paid and will rank pari passu in all respects with the existing ordinary shares of 0.1 pence each in the capital of the Company, including the right to receive all dividends and other distributions declared, made or paid in respect of such shares after the date of issue of the Placing Shares.

The Company has applied for admission of the Placing Shares to trading on AIM, a market operated by the London Stock Exchange plc (the "Admission"). It is expected that Admission will take place and that trading in the Placing Shares will commence on or around 5 August 2013.

The Placing is conditional upon Admission becoming effective.

Peter Redmond, the Chairman of Pires said of the placing: "We are very pleased that we have been able to attract significant new investment funds at a premium to the current share price. These funds will enable the Company materially to progress its proposed investment strategy."


31st July 2013


Pires Investments PLC

("Pires" or the "Company")



Unaudited interim results for the six months to 30 April 2013



Chairman's Statement



Pires Investments plc, the investing company focussing on the resources and energy sectors, announces its interim results for the six months ended 30 April 2013.

During the period under review, Pires has continued to consider investment and reverse takeover opportunities in line with its stated investment policy and has made a number of investments in quoted and unquoted securities to implement this policy as required by Rule 15 of the AIM Rules. The Group balance sheet, which shows investments of £446,395, reflects this.

Since the year end, the Company has realised this portfolio in part and in view of the recent Stock Market performance of the sectors in which it has invested the Directors are keeping the Company's remaining investments under regular review.

On 30 July 2013, the Company announced a placing of £500,000 through the issue of new ordinary shares at par. This represents a significant premium both to the present share price and to net asset value and reflects the confidence of new investors that Pires will deliver value to shareholders in the long run through the implementation of its investing policy.

The Board has now reached the conclusion, in view of the present market sentiment towards the resource sector, that this should no longer be the sole focus of the Company although there remain, the Directors believe, some good resource opportunities. The Board is now seeing a broader range of potentially attractive opportunities, some of which are now under active review. The Board believes that it will be beneficial to invest in a series of such opportunities either at or shortly prior to their coming to market.

The Board will seek shareholder approval for an amended investing policy at a general meeting to be convened in the near future. The Board believes that it can then move forward fairly rapidly in evaluating and hopefully completing on a material transaction and so build shareholder value.

Peter Redmond

Chairman

Bought in today on the back of the company having just raised funds at a 43% premium to the shareprice and stated they are going to adopt a new investing policy.They are cashed up and have no debt so might turn into an interesting punt.

Looking forward to some interesting news in the coming weeks/months

some action today...bubbling under!

Rock bottom price here...opportunity to get in at ground level... should be news soon! (imho, dyor)

Anyone still in..?

Yep, still in

Worth buying sky..?

I think so...imho of course...worth a punt and hanging onto for a year or two. Rame seems to be doing well and should feed through to PIRI in time... I'm staying in for the time being as I'm sitting on a lose. Just waiting for some good news and a general AMI/small caps market upturn.
Good luck if you decide to buy

Mitzy,

Did you buy in ?

I bought some more on Friday on the drop.

Just a few skyhigh.

I'm still in!

don't know why but I'm still in ... might even top up at this lowest level!

And another round of dilution, RNS- 14Feb2019 - approx. 32m shares at 2p4 equals £780k. Two major shareholders appear to have subscribed to maintain their %. I fail to get excited by this news any more than this dullard of a company.