Last checked at 21 Jun 2012 12:39
For immediate release | 21 June 2012 |
PLUS Markets Group plc
(the "Group" or the "Company")
Completion of Disposal of PLUS-SX
Further to the announcements of 18 May 2012 and 18 June 2012, the Company announces that the remaining conditions of the Proposed Disposal set out in the announcement of 18 June 2012 have now been satisfied. Accordingly, the disposal of PLUS-SX to ICAP has now completed.
As set out in the circular to shareholders dated 31 May 2012 (the "Circular"), the Company will be re-classified as an Investing Company and will operate in line with the Investing Policy which was approved by Shareholders at the General Meeting on 18 June 2012.
The Company's investing policy will be to wind up the Company and distribute any residual cash to Shareholders.
The Company will be required to implement its Investing Policy within 12 months of the General Meeting, failing which the Ordinary Shares of the Company will be suspended from trading on AIM. If the Investing Policy has not been implemented within 18 months of the General Meeting, the admission to trading on AIM of the Ordinary Shares of the Investing Company will be cancelled.
Capitalised terms in this announcement have the same meaning as in the Circular.
For further information, please contact:
PLUS Markets Group plc Malcolm Basing Cyril Théret
| +44 20 7429 7800 |
N+1 Brewin (Nominated Adviser and Broker) Robert Beenstock / Aubrey Powell / Alex Wright
| +44 20 3201 3710 |
Wyvern Partners Limited Anthony Gahan
| +44 20 7355 9857 |
Merlin Paul Downes / Toby Bates / Del Jones
| +44 20 7726 8400 |