Cancellation of Admission to

RNS Number : 1834X

TomCo Energy PLC

11 August 2009

 



TomCo Energy Plc

('TomCo' or the 'Company')

Statement re Cancellation of Admission to AIM

TomCo announced on 11 February 2009 that it had requested a temporary suspension of trading of its shares on AIM, with effect from the date of the announcement, pending clarification of the Company's financial position.  

TomCo has remained suspended for six months and, in accordance with AIM Rule 41, the London Stock Exchange will cancel the Company's listing on AIM, with effect from 7am on 12 August 2009. 

The Board of TomCo will continue to investigate appropriate corporate opportunities for the Company and will continue to investigate possibilities for the development of the Company's oil shale asset in Utah, USA, with the intention of relisting an enlarged entity on AIM. Both a corporate transaction and the development of the oil shale asset will require funds to be raised via a placing, which TomCo shareholders will be invited to participate in. 

Further details will be posted to TomCo shareholders in due course.

Enquiries:

TomCo Energy plc Howard Crosby Stephen Komlosy

[phone]

 

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