PXOG.L Regulatory News (PXOG)

14 Mar 2007 11:30

Premier Management Holdings PLC14 March 2007 14 March 2007 Premier Management Holdings PlcWithdrawal from discussions relating to possible reverse takeover On 12 December 2006, Premier Management Holdings plc (the "Company") announced that it was in discussions which may or may not lead to a transaction that wouldbe classified under the AIM Rules as a reverse takeover and requested that the London Stock Exchange suspend the Company's securities from trading on AIM. The Company has now terminated these discussions and decided not to proceed withthe transaction. As a result, trading in the Company's shares is being restoredby the London Stock Exchange with immediate effect. The Company continues to seek appropriate transactions that will serve to expand and increase its serviceoffering. The Company is pleased to announce that trading improved strongly in the second half of the financial year ended 31 January 2007 with more fees being earned in the latest January transfer window than in the whole of the previous financial year and that the profitable first half was built upon further to place the Company in a position where it will be able to report its best result since 2002. The current financial year has started well with some fees being earned outside of the transfer windows. The Company proposes to announce its results for the year ended 31 January 2007 during April. For further enquires:Barry Gold (Chairman - Premier Management Holdings Plc) 07768 948928 Richard Evans (Nominated Adviser - Brewin Dolphin Securities Ltd) 0845 270 8602 This information is provided by RNS The company news service from the London Stock Exchange