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17 Jan 2011 07:30
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Press Release | 17 January 2011 |
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Pan Pacific Aggregates plc
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("PPA" or the "Company")
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Statement regarding recent share price movement
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Further to recent share price movements, the Company announces that it is in discussions regarding a potential transaction (the 'Transaction'), which, if completed, would constitute a Reverse Takeover under the AIM Rules.
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The Company's ordinary shares have been temporarily suspended with effect from 07:30 a.m. on Monday 17 January 2011 until publication of an AIM Admission Document or upon termination of discussions if earlier.
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Although these discussions are at an advanced stage, there can be no certainty that they will be concluded successfully. A further announcement will be made in due course.
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- Ends -
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For further information:
Pan Pacific Aggregates plc | |
William Voaden, Managing Director | Tel: +44 (0) 20 7398 7702 |
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Nomad and Joint Broker:
Matrix Corporate Capital LLP | |
Louis Castro / Tim Graham | Tel: +44 (0) 20 3206 7000 |
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Joint Broker:
XCAP Securities PLC | |
John Grant / Tim Burge / David Newton | Tel: +44 (0) 20 7101 7070 |
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VSA Capital Limited | |
Andrew A Monk | Tel: +44 (0) 20 7096 9580 |
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Media enquiries:
Abchurch Communications Limited | |
Henry Harrison-Topham | Tel: +44 (0) 20 7398 7702 |
henry.ht@abchurch-group.com | www.abchurch-group.com |
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