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Statement re. Suspension - Replacement

27 Sep 2012 14:32

RNS Number : 3542N
Tricor PLC
27 September 2012
 



The following amendment has been made to the 'Statement re Suspension and Notice of Results' announcement released on 27/09/2012 at 13:57 under RNS No 3429N.

 

The date in the final paragraph should read 27 March 2013.

 

All other details remain unchanged.

 

The full amended text is shown below.

 

 

27 September 2012

Tricor plc

("Tricor", or the "Company")

 

Statement re Suspension

Notice of results

 

Tricor announces that it will be releasing its results for the 12 months ended 31 March 2012 on 28 September 2012.

 

Following the approval of the investing policy in October 2011, the Company continues to seek acquisitions that may amount to a reverse takeover or investments in line with the investing policy, whilst continuing the pursuit of the VAT claim.

 

Although the Company has been in advanced discussions with a number of parties, it has not been able to agree the terms for a reverse takeover transaction due to the uncertainty associated with outstanding VAT claim. Accordingly, the Board will try to make other investments to try to implement Tricor's investing policy in the short term. In the meantime, trading in the Company's shares on AIM will be suspended on 28 September 2012.

 

If Tricor is unable to implement its investing policy by 27 March 2013, the Company's admission to trading on AIM will be cancelled, pursuant to the AIM Rules. The Board will make every reasonable effort to ensure this does not occur and will try to implement the investing policy as soon as possible in order that trading on AIM can be restored.

 

Further announcements will be made as and when appropriate.

Enquiries:

 

Tricor plc

Chan Fook Meng, Chairman

 

Tel: +65 6236 2985

 

Allenby Capital Limited (Nominated Adviser and Broker)

Jeremy Porter

James Reeve

 

Tel: +44 20 3328 5656

 

 

 

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