Statement re. Suspension
February 18 2003 - 12:45PM
UK Regulatory
RNS Number:6670H
Blazepoint Group Plc
18 February 2003
Blazepoint Group plc
("Blazepoint" or "the Company")
Suspension of trading on AIM
Further to the announcement of 12 February 2003, Blazepoint Group plc has been
unable to conclude negotiations with regard to a potential disposal of the
Company's subsidiaries.
Following a review of the Company's financial position, Messrs Hacker Young have
been instructed to convene meetings of shareholders and creditors under section
98 of the Insolvency Act 1986 with a view to placing the Company in liquidation.
Accordingly, the Directors have requested the suspension of the Company's
ordinary shares from trading on the Alternative Investment Market with immediate
effect.
The trading subsidiaries of the Company, including Blazepoint Limited,
Blazeprint Limited and Printer systems Limited, will continue to trade normally
whilst a purchaser is sought for them.
This information is provided by RNS
The company news service from the London Stock Exchange
END
SRSILFFDFEITLIV