CLY Caplay

 

TIDMCLY 
 
RNS Number : 8170P 
Caplay PLC 
01 April 2009 
 

For immediate release 
 1 April 2009 
Caplay Plc 
("Caplay" or the "Company") 
 
 
Corporate update and suspension of trading 
 
 
As previously announced, as an investing company under the AIM Rules, Caplay 
must have either substantially implemented its investment strategy or concluded 
a reverse takeover on or before 31 March 2009 or otherwise its shares would be 
suspended from trading on AIM. 
 
 
As previously reported the Company made a GBP200,000 loan to Textic Limited on 
18 June 2008 and at the same time was granted an option to acquire the entire 
issued share capital of Textic. Since making the initial loan, the Board of 
Caplay has continued to review the progress that Textic is making in developing 
its business. The Board has concluded that there is still further development 
required of Textic's business prior to the exercise by Caplay of the option to 
acquire Textic.  However because the Company has not met the timetable as set 
out above, the Company's shares will be suspended from trading on AIM from 1 
April 2009. 
 
 
The Board continues to explore opportunities for the Company and a further 
announcement will be made in due course. The Company will have a further six 
months to conclude a transaction before its shared are cancelled from trading on 
AIM. 
 
 
 
 
Enquiries: 
Caplay PLC  +44 207 486 8985 
Tony Fabrizi, Chairman 
 
 
Nominated Advisor      + 44 207 628 3396 
Michael Cornish, Beaumont Cornish Limited 
 
 
 
 
 
 
ENDS 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCCKDKNDBKDPNN 
 

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