M&L PROPERTY & ASSETS PLC - Update and Suspension
February 23 2016 - 8:33AM
PR Newswire (US)
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 |
Copyright y 23 PR Newswire
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