3 Mar 2015 08:00
3 March 2015
Eco City Vehicles PLC
("Eco City", "ECV" or the "Company")
Return from Suspension
The board of directors of the Company (the "Board") is pleased to confirm that the Company's ordinary shares of 1 penny each ("Shares") have today been admitted to trading on AIM. This follows the successful completion of the refinancing and capital restructuring (as described in the announcement of 26 February 2015 (the "Announcement")) and the lifting of the suspension of trading in the Company's Shares with effect from 8.00am today. All elements outlined in the Announcement are now in effect.
The Company has a total of 28,770,692 Shares in issue and admitted to trading on AIM.
John Swingewood, Chairman of the Company, commented:
"The return to trading of the Shares completes the first phase of achieving value for shareholders after a difficult period. The Board and its advisors are actively seeking to identify suitable acquisition targets: companies in the media and technology sectors, with solid business models and attractive growth prospects."
Enquiries:
Eco City Vehicles plc
John Swingewood, Director +44 1444 440 359
Allenby Capital Limited (Nominated adviser and Broker)
Nick Harris/Nick Naylor +44 20 3328 5656