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Transition to SETS

16 Jan 2012 07:00

RNS Number : 5630V
RedHot Media International Limited
16 January 2012
 

 

Embargoed for release at 7am 16 January 2012

 

RedHot Media International Limited("RedHot" or the "Company")

 

Transition to SETS

 

RedHot (AIM:RHM), a leading media, advertising and marketing business with distribution channels in both Malaysia and China, is pleased to announce that it has arranged to transfer the trading of the Company's ordinary shares of US$0.10 each (the "Ordinary Shares") from SEAQ to the SETS trading platform on the London Stock Exchange. This transfer will take effect from 8 a.m. on 16 January 2012.

The Board of RedHot has decided to move the trading of its Ordinary Shares on AIM from SEAQ to the SETS electronic order book trading system. SETS offers multiple order types and market maker support, and is one of the most liquid electronic order books in Europe. The combination of this liquidity, market supervision and competing clearers ensures a fair and transparent market for investors.

Cheong Chia Chieh, Managing Director of RedHot, commented: "We are pleased to have been able to move to a SETS trading platform which, as a Board, we believe will benefit the Company particularly as order book trading systems are better understood and more familiar to Asian-based investors"

Non-UK investors wishing to trade in Ordinary Shares in RedHot should contact their stockbroker quoting the TIDM Code (RHM.L) and the ISIN Number (KYG7447W1087).

 

For further information please contact:

RedHot Media International Limited
 
Cheong Chia Chieh
Tel: +601 2329 5522
 
 
Allenby Capital Limited (Nominated Adviser and Joint Broker)
Tel: +44 (0)203 328 5656
Nick Athanas
 
James Reeve
 
 
 
Daniel Stewart & Company Plc (Joint Broker)
Tel: +44 (0)20 7776 6550
Antony Legge
 
Colin Rowbury
 
 
 
Leander (Financial PR)
Tel: +44 (0)7795 168 157
Christian Taylor-Wilkinson
 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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