11 Mar 2011 16:22
Mission Capital plc ("the Company")
11 March 2011
The Company announces the impending cancellation of admission of the Company's ordinary shares of 1 pence each (the "Ordinary Shares") to trading on AIM, following a period of six months of suspension from trading and in accordance with AIM Rule 41. The cancellation of the Ordinary Shares from AIM will be effective from 7.00 am on 14 March 2011.
Following the Company's announcements of 20 December 2010 and 3 February 2011, the directors of the Company (the "Board") have been endeavouring to effect the proposed acquisition. An issue has very recently emerged which requires resolution and the Board do not consider that it is in the best interests of shareholders to enter into any formal agreements at this time. The Company intends to continue to discuss future options with the potential vendors and if those discussions are successfully concluded and the resulting transaction approved by shareholders, the Company will apply for its Ordinary Shares to be re-admitted to AIM on completion of the transaction. In the meantime, the Company intends to keep shareholders advised of new developments in the Company's business by disclosing material information to shareholders through its website.
Mission Capital plc
Philip Goldenberg, Chairman
020 7291 8807
Tom Griffiths
Richard Johnson
Arbuthnot Securities
020 7012 2000
Michael Sandler
Hudson Sandler
020 7796 4133