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13 Jul 2017 15:13
13 July 2017
Grand Group Investment PLC
("Grand Group", the "Company" or the "Group")
Market update
Update on AGM:
The Board has also today resolved to hold the Company's AGM in early August and will be posting notices of the AGM to shareholders shortly. At the AGM the Board intend to propose an enlarged investing policy for shareholder approval.
Comment on Press speculation:
The Board noted there has been market speculation about whether funds will be returned to shareholders in the near term. The Board would caution investors against anticipating this, as this is not the current intention.
Investors should be aware that if the Company cannot substantially implement its investing policy before the 30th of September 2017, the Company's shares will be suspended from trading on AIM under AIM Rule 40. This suspension would be for up to 6 months, after which time, should the Company not have substantially implemented its investing policy, the Company's shares will be de listed.
The Board are also considering a secondary listing on an alternative market, as an alternative option to continue to provide shareholders a market for their shares during any prolonged period of suspension.
For further information:
Grand Group Investment PLC |
|
James Newman, Non-Executive Chairman |
Tel: +44 (0) 20 7398 7714 |
Yang Xiao, Executive Director
| www.grandgroupplc.com
|
ZAI Corporate Finance Limited |
|
Ray Zimmerman / Ruby Qu | Tel: +44 (0) 20 7060 2220 |
| www.zaicf.com |
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