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Clerkenwell Ventures (CRK)

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Friday 05 March, 2010

Clerkenwell Ventures

Suspension and Notice of AGM

RNS Number : 1830I
Clerkenwell Ventures PLC
05 March 2010
 

 

Clerkenwell Ventures plc ("Company" or "Clerkenwell Ventures")

 

Confirmation of Upcoming Suspension and Notice of Annual General Meeting

 

 

Upcoming Suspension

 

Following the completion of the proposals (the "Proposals") to return capital to shareholders in March 2009, the Company has continued to seek acquisitions in line with its stated investing strategy to acquire leisure businesses. 

 

Pursuant to AIM Rule 15, the Company has been treated as an investing company for the purposes of the AIM Rules since completion of the Proposals and, as previously announced, this meant that the Company had to make an acquisition or otherwise implement its investing strategy within 12 months. However, due to a lack of an appropriate investment opportunity the Company has not made any such acquisition.

 

Accordingly, in accordance with AIM Rule 15, the Company's shares will be suspended from trading on AIM with effect from 7:00am on 10 March 2010. The Company is considering a number of options with regard to its future, including the return of capital to shareholders, and an appropriate announcement will be made in due course, but should no acquisition be made and no alternative course of action announced within the next six months, the Company's shares will be cancelled from trading on 13 September 2010.

 

Notice of AGM

 

Also today Clerkenwell Ventures announces that it has today sent to shareholders the Notice of AGM and the Annual Report and Accounts. The AGM will be held at 9:30am on Wednesday 31 March 2010 at 2nd Floor, 1 Lindsey Street, London, EC1A 9HP.

 

 

Enquiries:

 

Clerkenwell Ventures PLC

David Page, Non-executive Chairman                            Telephone:           07836 346934

 

 

Seymour Pierce Limited                                              Telephone:           020 7107 8000

Nicola Marrin

 

 

 


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