Information  X 
Enter a valid email address

Metro Baltic Horizon (MET)

  Print      Mail a friend

Friday 09 May, 2014

Metro Baltic Horizon

Proposed Suspension of Trading and delisting

RNS Number : 7592G
Metro Baltic Horizons PLC
09 May 2014
 



Metro Baltic Horizons plc (MET.L)

 

("Metro Baltic Horizons" or the "Company")

 

 9 May 2014

 

Proposed suspension of trading and delisting

 

For immediate release

 

Following the completion of the disposal of the Company's remaining property assets the Company had twelve months to make an acquisition or acquisitions which constitute a reverse takeover under the AIM Rules or otherwise implement its current investing policy in accordance with Rule 15 of the AIM Rules for Companies or face suspension of the trading of its shares on AIM.

 

The Company hereby gives notice that, in accordance with the AIM Rules, trading in the Company's shares will be suspended with effect from 7.30am on Tuesday 15 July 2014 ("Proposed Suspension").

 

Following the disposal of its remaining property assets, the Company's strategic focus has been on the pursuit of litigation against the Company's former Board and its advisers rather than the implementation of its investing policy. Some success in this strategy has already been announced and the Board is continuing with this approach.

 

 

The Company's board of directors, in conjunction with its professional advisers, is considering proposals to be put to shareholders relating to a potential distribution and the continued listing of the Company's shares. The Company intends to put proposals to shareholders at a general meeting to be called and held in advance of the Proposed Suspension.

 

It is intended that the Company will announce its results for the year ended 31 December 2013 by no later than the second week in June 2014.

 

Enquiries

Metro Baltic Horizons plc.

Ronan Reid                                                       Tel: +353 1 6333843

 

S. P. Angel Corporate Finance LLP

Stuart Gledhill                                                    Tel: 020 3463 2260

 

Further information

This announcement will be available on MBH's website http://www.metrobaltichorizons.com/ as soon as practicable in accordance with AIM Rule 26.

 


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

a d v e r t i s e m e n t