RNS Number : 2454W
16 November 2010
Vallar Plc ("Vallar" or the "Company")
The Company announced earlier today its proposed purchase of holdings in PT Bumi Resources Tbk ("Bumi") and PT Berau Coal Energy Tbk ("Berau"). As the proposed acquisition will be treated as a "reverse takeover" for the purposes of the Listing Rules, at the request of the Company, trading of Vallar's ordinary shares on the Main Market of the London Stock Exchange has been suspended. The Company and its advisers intend to work closely with the Financial Services Authority to provide the required information for trading in the Ordinary Shares to re-commence at the earliest possible date. The Company will provide updates to the market as appropriate.
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