GruppeM Investments PLC
03 April 2006
Embargoed until 7.00am 3 April 2006
GRUPPEM INVESTMENTS PLC
(LSE: GRP, 'GruppeM' or the 'Company')
Statement on the suspension of trading on AIM
GruppeM Investments PLC today announces that, in accordance with the AIM Rules,
trading in the Company's shares has been suspended as it has not made an
acquisition that constitutes a 'reverse takeover' prior to 1 April 2006.
GruppeM is presently in negotiations regarding two potential acquisitions within
the property and motor retailing sectors in China, in line with the Company's
strategy at the time of its flotation in February 2005. The Directors expect to
announce agreements for these acquisitions within the following two months.
Kenny Chen, Managing Director of GruppeM, commenting on the situation said:
'We listed GruppeM Investments PLC as a shell company on AIM last year with the
declared intention of seeking exciting opportunities in property and motor
retailing in China. We are presently engaged in reviewing two potential
acquisitions that we expect will deliver significant value to our shareholders
over time. Unfortunately, as we have not been able to conclude matters prior to
the AIM deadline, trading in our shares has been temporarily suspended.
On the basis that we successfully reach agreement to acquire these two
companies, which would represent a reverse takeover transaction under the AIM
Rules and be conditional on shareholders' approval, we would publish an
admission document at which time we expect that suspension of trading in the
shares would be lifted.'
In the event that the Company does not complete a reverse takeover within six
months from the date of suspension, trading of the Company's shares on AIM will
be cancelled.
For more information please contact:
GruppeM Investments PLC
Kenny Chen/Paul McIlwaine
Tel: +44 (0) 207 233 2952
Shore Capital and Corporate Limited
Alex Borrelli
Tel: +44 (0) 207 408 4090
Further information on GruppeM Investments PLC can be found on the Company's
website: www.gruppemplc.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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