13 Aug 2018 18:04
MBL Group plc / Epic: MUBL / Index: AIM
RNS ANNOUNCEMENT: The information communicated in this announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.
For immediate release
13 August 2018
MBL Group PLC
("MBL" or the "Company" or the "Group")
AIM Notice
and
Update on the Proposed Cancellation of Admission of Ordinary Shares to trading on AIM
AIM Notice
MBL Group plc (AIM: MUBL) notes that the London Stock Exchange has today published details of a censure of the Company and a fine of £125,000 for historic breaches of the AIM Rules in September 2017, discounted to £75,000 for early settlement of the proceedings.
The Exchange states in its announcement that, since the events that are the subject of this censure, the Company has a completely new board.
The Exchange Notice is available at:
http://www.londonstockexchange.com/companies-and-advisors/aim/advisers/aim-notices/aim-notices.htm
Update on the Proposed cancellation of Admission of Ordinary Shares to trading on AIM
Further to the Company's announcement on 15 June 2018, the Board confirms that it still intends to seek cancellation of admission to trading on AIM of its Ordinary Shares. Under the AIM Rules, a proposal to cancel the trading of the Company's securities on AIM is conditional on the requisite notice being given to the London Stock Exchange and on the consent being granted in general meeting by Shareholders holding not less than 75 per cent. of the votes cast on the resolution proposed at such general meeting. The Board anticipates that the necessary Circular and Notice of General Meeting will be sent to shareholders shortly and a further announcement in relation to this process will be made at that time.
For further information visit www.mblgroup.co.uk
Contact:
Anton Lane James Reynolds
| MBL Group plc | 01454 777831 |
Mark Brady
| SPARK Advisory Partners Limited (Nominated Adviser) | 0113 370 8970 |