Statement re Suspension

RNS Number : 7085Q

Adalta Real PLC

09 August 2010

 



For immediate release                                                                                        9 August 2010

Adalta Real Plc

("Adalta Real" or the "Company")

Statement re suspension

Pursuant to a general meeting of 30 July 2010, the Board of Adalta Real Plc ("Adalta Real" or the "Company") was authorised to adopt a new investing policy.  This policy is based predominantly upon commercial property agency and development consultancy.   In addition the Company was authorised to invest in commercial property as well as acquisition and development.

Under AIM Rule 15 the Company had 12 months in which to implement this investing policy.   As at today's date, the shares have been suspended pending the implementation in accordance with this Rule.

The Company continues to pursue the authorised investing policy, and will notify the market of any further developments.

Kevin Gilmore, Chairman, commented:

"The Board remains confident that the last twelve months have seen the Company performing ahead of expectations, and looks forward to continuing this progress."

-- ENDS --

Enquiries:

Adalta Real Plc                                                                                                                                     Mob: [phone]   

Kevin  M Gilmore, Executive Chairman                                                                                                Tel: [phone]

Beaumont Cornish Limited

Roland Cornish                                                                                                                                       Tel: [phone]

 

END

 

 

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