Last checked at 17 May 2012 09:38
17 May 2012
PLUS Markets Group plc
Statement Regarding Press Speculation
The Board of PLUS Markets Group plc ("PLUS" or the "Group") notes the recent press speculation and makes the following update to shareholders.
The Group can confirm that it is in talks with ICAP plc that may lead to the disposal of its subsidiary company PLUS Stock Exchange plc ("PLUS-SX"), the cash equities recognised investment exchange for a nominal amount due to the loss making nature of PLUS-SX. As indicated in previous announcements, the board believe that this would be in the best interests of shareholders to preserve remaining shareholder value. There can, however, be no certainty that a transaction will complete.
There are currently no discussions ongoing in relation to any offer for the Group at this time.
The Group will continue to update the market as appropriate.
For further information, please contact:
PLUS Markets Group plc Malcolm Basing Cyril Théret www.plusmarketsgroup.com | +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 |