17 Dec 2008 07:00
IRF European Finance Investments Ltd
17 December 2008
IRF European Finance Investments Ltd
('IRF' or the 'Company')
Proposed move to the Specialist Fund Market of the London Stock Exchange plc
IRF is pleased to announce that it intends to apply for admission to the Specialist Fund Market of the London Stock Exchange plc (the 'SFM'). Subject to the approval by the UK Listing Authority of the prospectus to be issued in connection with admission to the SFM and the approval of the London Stock Exchange plc, trading on the SFM is expected to commence on or around 19 January 2009.
The directors of IRF believe, following a lengthy review, admission to the SFM is in the best interests of its shareholders. The SFM, as a regulated exchange, should provide a more suitable platform and is expected to provide access to a broader base of investors.
The Company is not raising any funds or issuing any new shares or warrants in connection with admission to the SFM. On admission there will be 124,832,394 shares and 13,596,541 warrants in issue.
In accordance with rule 41 of the AIM Rules, the Company hereby gives notice that trading in IRF's shares and warrants will be cancelled simultaneously with admission to trading on the SFM.
The ISIN and trading code ('TIDM') for the Company's instruments will remain unchanged as set out below:
| Company instrument | ISIN | TIDM |
| Common shares of $0.0015 each | BMG493831058 | IRF |
| Warrants | BMG493831132 | IRFW |
This announcement does not constitute an offer or invitation to any person to subscribe for or purchase any securities in the Company or any other entity. This announcement has been issued by the Company and is the sole responsibility of the Company.
The prospectus will, in due course, be available on the Company's website at http://www.irf-finance.com.
Enquiries
| IRF European Finance Investments Ltd | Tel: +30 (0)210 428 0564 |
| Angeliki Frangou, Chairperson | |
| Numis Securities Limited | |
| Nick Westlake/Freddie Barnfield, Nomad | Tel: +44 (0)20 7260 1000 |
| Alex Ham, Corporate Broking | Tel: +44 (0)20 7260 1000 |
About IRF
IRF was formed to invest in the financial services industry throughout Europe with a primary focus on credit institutions and insurance companies in South Eastern Europe. IRF's current strategy is the acquisition of financial institutions having valuations which do not reflect their potential and where marketing and operational efficiencies are possible.