5 Oct 2017 07:00
5 October 2017
MBL Group PLC
("MBL" or the "Company")
Statement re suspension
Further to the announcement made on 28 September 2017 regarding the result of the AGM and the resultant resignation of Peter Palframan from the Board of MBL, the Company has requested that its ordinary shares are suspended from trading on AIM with effect from 07.30 a.m. this morning. The suspension is due to uncertainty over whether the Board of the Company is able to properly conduct the business of the Company given that it has only one director.
The Company's ordinary shares are expected to remain suspended from trading on AIM until such time as another Director is appointed to the Board. The Board can confirm, as stated in the RNS on 28 September 2017, that discussions are ongoing with a new potential Director and that it hopes to be able to update shareholders shortly.
The Company will issue further announcements as appropriate.
ENDS
For further information, please contact:
MBL Group plc Tel: 01772 440440
Tim Jackson-Smith
SPARK Advisory Partners Limited Tel: 0113 370 8970
(NOMAD)
Sean Wyndham-Quin
Mark Brady