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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



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