Overview of LB-Shell PLC (LSE:LBP)

On 3rd May 2018, LB-Shell Plc (formerly Intelligent Energy Holdings Plc) (“the Company“) appointed a new board, comprised of Melissa Sturgess (Executive Chairman), Charles Morgan (Non-Executive Director) and Michael Langoulant (Non-Executive Director and Company Secretary), by way of investing £300,000 of convertible loan. The new Board will utilise the new cash funds to maintain the Company’s listing while seeking to acquire or invest in a business, which at this point is unidentified. The new Board is agnostic as to which sector it will invest in but will focus on an acquisition or investment that can create significant value for shareholders in the form of capital growth and/or dividends.