Update on CISX Listing

RNS Number : 6611I

Plant Health Care PLC

05 July 2013

 



For immediate release

5 July 2013

Plant Health Care plc

("PHC", "the Group" or "the Company")

Update on CISX Listing

Plant Health Care plc today announces that, following a review of the Group's central costs, the Company intends to seek shareholders' approval at the 2014 AGM to delist its shares from the Channel Island Stock Exchange ("CISX").  This decision follows changes to the coverage of AIM-quoted companies by the UK Takeover Code, which will result in PHC benefiting from this coverage irrespective of the CISX listing. 

In order to reduce the costs associated with the CISX listing in advance of the AGM next year, the Company has terminated its CISX market maker agreement with effect from 5th July 2013.  As at close of business on 4th July 2013, no shares had been traded through this facility in 2013. 

In the absence of a market maker, the Company has requested that trading in the Company's shares on the CISX be suspended.  Trading of shares on AIM will be unaffected.

For further information contact:

Plant Health Care plc Dr Chris Richards Chairman Tel: [phone] James Ede-Golightly Director Tel: [phone]

Nomura Code Securities Clare Terlouw / Chris Golden Tel: [phone] www.nomuracode.com

Powerscourt Paul Durman / Nick Dibden / Sophie Moate Tel: [phone] [e-mail] [e-mail] [e-mail]

 

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