27 Apr 2012 15:54
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO THE SAME WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
Immediate release 27 April 2012
Pinewood Shepperton plc
("Pinewood" or the "Company")
Update regarding the Company's listing status
As stated in the Pinewood interim results announcement on 29 February 2012, the Company no longer satisfies the free float requirement (that 25% of the Company's shares be in public hands - Listing Rule 6.1.19) for listing on the Official List of the Financial Services Authority ("FSA") and therefore has been in dialogue with the FSA to seek a resolution with regards to the Company's future listing status.
The Board of Pinewood announces that this afternoon it has received a Supervisory Notice from the FSA proposing to discontinue the listing of the Company's securities with effect from 31 May 2012, following a meeting by the Regulatory Decisions Committee ("RDC") held on 26 April 2012.
The Company has the right to make written and oral representations to the FSA by 25 May 2012.
The Board of Pinewood is considering all options including a possible admission of its securities to trading on AIM.
A further update will be provided in due course.
-ends-
For further enquiries, please contact:
Pinewood Shepperton plc Tel: +44(0)1753 656 732
Ivan Dunleavy, Chief Executive
Andrew M. Smith, Company Secretary
Rothschild Tel: +44(0)113 200 1900
Stephen Griffiths
A copy of this announcement will be published, subject to certain restrictions relating to persons resident in restricted jurisdictions, on Pinewood's website at www.pinewoodshepperton.com. For the avoidance of doubt, the contents of this website are not incorporated into and do not form part of this announcement.