M&L Property & Assets PLC Update and Suspension
February 23 2016 - 8:33AM
UK Regulatory
TIDMPHU
M&L Property & Assets Plc
(the "Company")
Update and Suspension
The Board of the Company announces that it has today been informed by the
Company's asset manager, M & L Capital Management Limited, that unauthorised
sales of Company properties have apparently taken place and that there is a
possibility that Company funds have been misappropriated.
The Board is urgently investigating this matter and will report back to
shareholders as soon as possible.
In the meantime, due to the fundamental uncertainty created, the Board has
requested that the Company's shares be suspended from trading on AIM with
immediate effect.
For further information, please contact:
The Directors
Barry Smith
Tel: +44 1624 699000
Asset Manager:
M & L Capital Management Limited
Tel: +44 (0)20 7584 5733
Nominated Adviser:
Liam Murray / Tony Rawlinson / Jo Turner
Cairn Financial Advisers LLP
Tel: +44 (0)20 7148 7900
END
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February 23, 2016 08:33 ET (13:33 GMT)
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