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7 Mar 2012 11:00
AIM: SGG STERLING GREEN GROUP PLC ("Sterling Green" or the "Company") 7 March 2012 Potential Acquisition and Statement re Suspension
The Directors of the Company note the rise in the Company's share price. The Company announces that it is at an early stage of discussions which may or may not lead to an acquisition ("Acquisition") of a natural resources focused company with certain oil and gas assets. If it proceeds, the Acquisition would constitute a reverse takeover in accordance with Rule 14 of the AIM Rules for Companies.
Accordingly, the Company's ordinary shares have been suspended from trading on AIM with immediate effect. Should the proposed Acquisition proceed, the Company will publish an admission document containing detailed information on the Acquisition. A further announcement will be made in due course.
Enquiries:
Sterling Green Group plc Tel: 0161 975 5757
Michael Edelson
Merchant Securities Limited Tel: 020 7628 2200
Simon Clements/David Worlidge
XLON
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