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Pan PacificAggregate (MXO)

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Monday 17 January, 2011

Pan PacificAggregate

Statement regarding recent sh

RNS Number : 5405Z
Pan Pacific Aggregates PLC
17 January 2011
 



 

Press Release

17 January 2011

 

Pan Pacific Aggregates plc

 

("PPA" or the "Company")

 

Statement regarding recent share price movement

 

Further to recent share price movements, the Company announces that it is in discussions regarding a potential transaction (the 'Transaction'), which, if completed, would constitute a Reverse Takeover under the AIM Rules.

 

The Company's ordinary shares have been temporarily suspended with effect from 07:30 a.m. on Monday 17 January 2011 until publication of an AIM Admission Document or upon termination of discussions if earlier.

 

Although these discussions are at an advanced stage, there can be no certainty that they will be concluded successfully.  A further announcement will be made in due course.

 

- Ends -

 

For further information:

Pan Pacific Aggregates plc


William Voaden, Managing Director

Tel: +44 (0) 20 7398 7702

 

Nomad and Joint Broker:

Matrix Corporate Capital LLP


Louis Castro / Tim Graham

Tel: +44 (0) 20 3206 7000

 

Joint Broker:

XCAP Securities PLC


John Grant / Tim Burge / David Newton

Tel: +44 (0) 20 7101 7070

 

VSA Capital Limited


Andrew A Monk

Tel: +44 (0) 20 7096 9580

 

Media enquiries:

Abchurch Communications Limited


Henry Harrison-Topham

Tel: +44 (0) 20 7398 7702

henry.ht@abchurch-group.com

www.abchurch-group.com

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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