issues . please help improve it or discuss these issues on the talk page . learn how and when to remove these template messages the topic of this article may not meet wikipedia s notability guidelines for companies and organizations . please help to establish notability by citing reliable secondary sources that are independent of the topic and provide significant coverage of it beyond its mere trivial mention . if notability can not be established the article is likely to be merged redirected or deleted . find sources fih group plc news newspapers books scholar jstor free images september 2015 learn how and when to remove this template message this article needs additional citations for verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . september 2015 learn how and when to remove this template message learn how and when to remove this template message fih group plc formerly called fossildrive plc 1997 type public limited company traded as lse fih industry conglomerate holding company founded 1997 1997 headquarters bishops stortford england area served uk and falkland islands key people edmund rowland group ceo chairman roger spink fic ceo revenue 38.56 million 2015 operating income 3.93 million 2015 net income 3.14 million 2015 total assets 57.67 million 2015 total equity 36.69 million 2015 number of employees 357 2015 subsidiaries falkland islands company momart gosport ferry website fihplc.com fih group plc lse fih or fih formerly falkland islands holdings plc is a british conglomerate which plays a key role in the economy of the falkland islands through the falkland islands company . its other main businesses are the portsmouth harbour ferry company which operates the gosport ferry in the south of england and a london based art storage and transport company called momart . contents 1 history 2 financial information and holdings 2.1 subsidiaries 2.2 past holdings and investments 3 see also 4 references 5 external links history edit falkland islands company s historical building in stanley falkland islands this section does not cite any sources . please help improve this section by adding citations to reliable sources . unsourced material may be challenged and removed . september 2016 learn how and when to remove this template message in 1997 anglo united which had an unsustainable amount of debt underwent a capital reconstruction and distributes shares in falkland islands holdings plc to its shareholders . anglo united shareholders received 1 share in fih for every 300 shares of au . in january 1998 fih was first listed on the london stock exchange with 2m of debt the issue price of 100p . the company was capitalised at 6 million . in january 2003 fih share listing moved to the aim market . in february 2004 falkland gold and minerals limited fgml was established with financing to carry out an aero magnetic survey of the falklands to exploit its exploration licence covering the whole of the island . in june 2004 falkland oil and gas limited fogl was established with financing to carry out a 2d seismic survey over its 33 000 km2 offshore licence to the south and east of the falklands . in october 2004 fogl raised 12m and its shares were admitted to aim capitalising the company at 32m . in december 2004 fgml raised 10m and shares admitted to aim fogl was granted an exploration licence over a further 50 000 km2 to the south and east of the islands . and fih acquired portsmouth harbour ferry company for 7.5 m. in june 2005 fogl raised 10 million through an institutional placing . fih subscribes 2m increasing its share holding to 18.3 % . in february 2006 fih sold 1.8 m shares in fogl realising 2.4 m and reducing its holding back to 16.3 % . in december 2006 fogl raised an 8m convertible loan to fund its ongoing exploration programme . in january 2007 fih sold 100 % of its holding in fgml for 6p per share to rab capital and in october 2007 fogl announced a farm in deal with bhp billiton to fund drilling programme in south atlantic . in march 2008 fih acquired 100 % of momart a uk market leader in the handling and storage of fine art and antiquities for 10.27 m. in november 2009 fih sold 3 million shares in fogl after the placing earlier in the month generating proceeds of 3.6 million and a profit of 3.0 million at a price of 119 pence per share . this reduced fih s holding to 12.0 million shares 8.2 % . in january 2012 fih participated in the placing of new shares by fogl by subscribing for 2 million new shares at a cost of 0.86 million 43 pence per share . fih s holding in fogl shares was increased to 14 million shares 4.4 % . july 2012 10.0 m equity capital raising fih raised 10.0 million gross from a share issue at 320p per share . 8.0 million was subscribed by blackfish capital and 2.0 million has been raised from an open offer to the existing shareholders . the proceeds from the share issue will be used to develop the group s assets in the falkland islands in anticipation of the economic growth that the board believe will follow . july 2012 fih sold 1.2 million shares in fogl for 1.01 million 86 pence per share generating a profit of 0.77 million and reducing its holding to 12.8 million shares 4.0 % . march 2015 fih sold 7.825 million shares in fogl for 1.6 million 29 pence per share generating a profit of 0.7 million and reducing its holding to 5.0 million shares 0.9 % . may 2015 the last 5 million shares in falkland oil & gas fogl sold for 1.4 million generating a profit of 0.4 million for the group.with the sale of these 5 million shares fih completed the realisation of its investment in fogl . over the last 10 years since fogl s flotation fih has generated over 8 million in cash proceeds and 5 million in profits from its highly successful investment in fogl 1 january 2016 the company had a capital reorganisation involving a share consolidation 1000 to 1 and split 1 to 1000 decreasing the number of shareholders from 2139 to 510 . 2 september 2016 the group changed its name to fih group plc to more properly reflect the balance of the group s activities which are now predominantly in europe and the uk . despite this change of name the group s falklands business the falklands islands company fic remains a core part of the group . financial information and holdings edit fih shares have traded on the alternative investment market aim in london since 13 january 2003 . in july 2010 fih s market value was around 36m . it made a pretax profit of 5.669 m in the year ended 31 march 2010 on revenue of 29.224 m. 3.3 m came from the sale of shares in falkland oil and gas in november 2009 . 3 4 subsidiaries edit company sector ownership % acquisition date price paid falkland islands company diversified 100 % 1997 from foundation n a falkland islands trading company ltd falkland island shipping limited erebus limited paget limited shipping 100 % 1997 from foundation n a portsmouth harbour ferry company ltd gosport ferry gosport ferry ltd clarence marine engineering ltd portsea harbour company ltd portsmouth harbour waterbus company ltd passenger transport 100 % december 2004 7.5 million momart international plc momart ltd dadart art storage and transportation 100 % 5 march 2008 10.27 million 5 south atlantic construction company limited satco construction 50 % june 2012 co founder 50 000 past holdings and investments edit company sector ownership % peak date of acquisition date of disposal falkland gold and minerals limited metal exploration 14.4 % february 2004 january 2007 6 falkland oil and gas oil and gas exploration 18.3 % october 2004 may 2015 see also edit economy of the falkland islands references edit falk is . hldgs share news fkl stock news interactive investor . interactive investor . retrieved 25 september 2015 . http fihplc.com download ficircular.pdf 1 dead link 2 archived 11 july 2011 at the wayback machine . fine art move by falkland . growthcomapny.co.uk . retrieved 25 september 2015 . falkland islands sells stake in falkland gold minerals to rab for 6pshare . retrieved 25 september 2015 . external links edit falkland islands holdings falkland islands company retrieved from https en.wikipedia.org w index.php title fih group plc & oldid 739311247 categories economy of the falkland islandsservice companies of the united kingdomhidden categories all articles with dead external linksarticles with dead external links from september 2015articles with wayback machine linksuse dmy dates from july 2013articles with topics of unclear notability from september 2015all articles with topics of unclear notabilityarticles needing additional references from september 2015all articles needing additional referencespages using infobox company with unsupported parametersarticles needing additional references from september 2016 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk 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