Statement re. Suspension

RNS Number : 3082J

CareCapital Group plc

29 June 2011

 



29 June 2011

CARECAPITAL GROUP PLC

("CareCapital" or "the Company")

Potential Major Property Disposal and Suspension of Shares

CareCapital Group plc (AIM: CARE), the healthcare real estate developer and owner, today announces that it is at an advanced stage of negotiations to dispose of its German property portfolio, which will have a substantial impact on the Company's financial position.   As a consequence, the Directors have decided that it would be prudent to delay the publication of the Company's annual accounts for the year ended 31 December 2010 until these negotiations are concluded.  As the Company will not be sending its annual accounts to shareholders within six months of the financial year to which they relate in accordance with Rule 19 of the AIM Rules for Companies, the Company's shares will be immediately suspended from trading on AIM.

The audited report and accounts will be published in due course at which point the Company will reapply for its shares to begin trading on AIM again.  Further details on the proposed disposal will be presented to shareholders should the negotiations be successfully concluded.

CareCapital Group Plc                                                              Paul Stacey, Chief Executive 

                                                                                                 Tel: [phone]

Libertas Capital Corporate Finance Limited                               Sandy Jamieson 

             Tel: [phone] 

Rivington Street Corporate Finance Limited                               Jon Levinson   

                                                                                                 Tel: [phone]

 

END

 

 

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