Engel East Europe Nv Statement Re. Suspension

TIDMEEE RNS Number : 9653N Engel East Europe N.V. 21 June 2010 ? Engel East Europe N.V. Suspension of Shares to Trading on AIM 21 June 2010 - Engel East Europe N.V. ('Engel' or 'the Company'), the AIM-listed Central and Eastern European property developer (EEE:L), today announces that, as a result of its continuing weak financial condition, the Company's annual accounts for the year ended 31 December 2009 cannot yet be finalised and will therefore not be published on or before 30 June 2010. Accordingly, the Company confirms that it will not be able to comply with Rule 19 of the AIM Rules for Companies requiring an AIM company to send its annual accounts to shareholders not later than six months after the end of the financial year to which they relate and as a result its shares will be immediately suspended from trading on AIM. The audited report and accounts will be published in due course at which point the Company will reapply for its shares to begin trading on AIM again. Enquiries: +-------------------------------------+----------------------------+ | Engel East Europe N.V. | | +-------------------------------------+----------------------------+ | | | +-------------------------------------+----------------------------+ | Assaf Vardimon | Tel: +972 (9) 970 7004 | +-------------------------------------+----------------------------+ | | | +-------------------------------------+----------------------------+ | Libertas Capital Corporate Finance | Tel: +44 (0) 20 7569 9650 | | Limited | | +-------------------------------------+----------------------------+ | Sandy Jamieson | | +-------------------------------------+----------------------------+ | | | +-------------------------------------+----------------------------+ | Bankside Consultants | Tel: +44 (0) 20 7367 8888 | +-------------------------------------+----------------------------+ | Simon Bloomfield or Andy Harris | | +-------------------------------------+----------------------------+ | | | +-------------------------------------+----------------------------+ This information is provided by RNS The company news service from the London Stock Exchange END SRSLLFSVRSILFII (END) Dow Jones Newswires June 21, 2010 10:00 ET (14:00 GMT)