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Statement re Suspension

9 Aug 2010 07:00

RNS Number : 7085Q
Adalta Real PLC
09 August 2010
 



 

 

 

For immediate release 9 August 2010

 

Adalta Real Plc

 

("Adalta Real" or the "Company")

 

Statement re suspension

 

Pursuant to a general meeting of 30 July 2010, the Board of Adalta Real Plc ("Adalta Real" or the "Company") was authorised to adopt a new investing policy. This policy is based predominantly upon commercial property agency and development consultancy. In addition the Company was authorised to invest in commercial property as well as acquisition and development.

 

Under AIM Rule 15 the Company had 12 months in which to implement this investing policy. As at today's date, the shares have been suspended pending the implementation in accordance with this Rule.

 

The Company continues to pursue the authorised investing policy, and will notify the market of any further developments.

 

Kevin Gilmore, Chairman, commented:

 

"The Board remains confident that the last twelve months have seen the Company performing ahead of expectations, and looks forward to continuing this progress."

 

 

 

-- ENDS --

 

 

Enquiries:

 

Adalta Real Plc Mob: 07785 396666

Kevin M Gilmore, Executive Chairman Tel: 01295 671923

 

Beaumont Cornish Limited

Roland Cornish Tel: 020 7628 3396

 

 

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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