29 Jun 2011 07:30
29 June 2011
CARECAPITAL GROUP PLC
("CareCapital" or "the Company")
Potential Major Property Disposal and Suspension of Shares
CareCapital Group plc (AIM: CARE), the healthcare real estate developer and owner, today announces that it is at an advanced stage of negotiations to dispose of its German property portfolio, which will have a substantial impact on the Company's financial position. As a consequence, the Directors have decided that it would be prudent to delay the publication of the Company's annual accounts for the year ended 31 December 2010 until these negotiations are concluded. As the Company will not be sending its annual accounts to shareholders within six months of the financial year to which they relate in accordance with Rule 19 of the AIM Rules for Companies, the Company's 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. Further details on the proposed disposal will be presented to shareholders should the negotiations be successfully concluded.
CareCapital Group Plc Paul Stacey, Chief Executive
Tel: 020 7034 1949
Libertas Capital Corporate Finance Limited Sandy Jamieson
Tel: 020 7569 9650
Rivington Street Corporate Finance Limited Jon Levinson
Tel: 020 7562 3357