Tomco Energy Regulatory News (TOM)

30 Jun 2006 07:01

Netcentric Systems PLC30 June 2006 30 June 2006 Netcentric Systems plc ("Netcentric" or "the Company") Trading Update The Directors of the Company note that the London Stock Exchange has todaysuspended trading in the Company's securities on AIM as a consequence of theCompany not having completed a reverse takeover in accordance with the timetablespecified under AIM Rule 15 relating to investing companies. The Directors of the Company are pleased, however, to inform shareholders thatthe Company has entered into non-binding heads of terms with a third party whichmay lead to a transaction constituting a reverse takeover under the AIM Rules.The Company is currently undertaking due diligence in relation to theacquisition target, which is involved in the energy sector in the United States.Should the transaction under discussion proceed to contract and be approved byshareholders at an Extraordinary General Meeting, the Directors expect theCompany to be readmitted to trading on AIM on publication of an AIM admissiondocument. A further announcement will be made as soon as appropriate. Enquiries: Simon RaggettStrand Partners LimitedTel: (020) 7409 3494 Simon RothschildBankside ConsultantsTel: (020) 7367 8888 This information is provided by RNS The company news service from the London Stock Exchange