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Statement re Press Speculation

17 May 2012 09:38

RNS Number : 5548D
PLUS Markets Group PLC
17 May 2012
 



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

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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