Update Re. Suspension and Acquisition (3477X)
February 14 2012 - 2:00AM
UK Regulatory
TIDMPMA
RNS Number : 3477X
Premier Management Holdings PLC
14 February 2012
Embargoed: 0700hrs 14 February 2012
Premier Management Holdings plc
("Premier Management" or the "Company")
Update Re. Suspension and Acquisition
Premier Management, the Central Asia-focused natural resources
investment company, wishes to update shareholders regarding the
continued suspension from trading of its shares and the potential
acquisition of Central Asia Resources ("CAR").
As announced on 16 November 2011 the Company's shares have been
suspended from trading on AIM as the Company has not yet
implemented its Investing Policy as required by Rule 15 of the AIM
Rules for Companies ("Rule 15"). The suspension from trading will
be lifted once a shareholder circular is posted to the Company's
shareholders.
As also announced on 16 November 2011 an acquisition of CAR
requires a Rule 9 Whitewash under the Rules of the Panel on
Takeovers and Mergers (the "Panel") and the above mentioned
shareholder circular therefore requires clearance from the
Panel.
Both the preparation of the shareholder circular and the
clearing process with the Panel have taken longer than anticipated
however the Company continues to make good progress with the
acquisition of CAR which, notwithstanding this delay, the Company
hopes to complete as soon as practicable.
The Company will issue a further update as soon as it has
certainty as to the date of the posting of the shareholder circular
and the lifting of the suspension from trading.
Enquiries:
Premier Management Holdings Plc
Gerry Desler, Chairman Tel: +44 (0)
1279 731037
Libertas Capital Corporate Finance
Limited -- Nominated Adviser
Thilo Hoffmann / Sandy Jamieson Tel: +44 (0)
20 7569 9650
Rivington Street Corporate Finance
-- Broker
Jon Levinson Tel: +44 (0)
20 7562 3384
M: Communications
Ben Simons / Maria Souvorov Tel: +44 (0)
20 7920 2340
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCKXLFFLLFLBBD
Premier Man. (LSE:PMA)
Historical Stock Chart
From Jun 2024 to Jul 2024
Premier Man. (LSE:PMA)
Historical Stock Chart
From Jul 2023 to Jul 2024