Move to Official List

RNS Number : 0237V

Mears Group PLC

22 May 2008

 

22 May 2008

Mears Group PLC ('Mears' or the 'Company')

Notification of proposed AIM cancellation 

and 

Admission to the Official List

Mears today announces that it intends to apply for admission of its ordinary share capital to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's market for listed securities.

The Directors believe that the listing on AIM has provided a means of access to the equity financing required to achieve strong, consistent growth in turnover and profit. However, the Directors now believe that the Company has reached a size where admission of its shares to listing on the Official List of the UK Listing Authority and to trading on the London Stock Exchange will benefit the Company by providing greater liquidity in its shares, a higher profile with investors and customer base, and increased access to capital. 

Pursuant to Rule 41 of the AIM Rules, the Company hereby gives notice of the intended cancellation of trading of the Company's issued ordinary share capital on AIM.

It is expected that the Company's ordinary shares with a nominal value of 1p each will be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's market for listed securities and simultaneously cancelled on AIM effective at 8.00 a.m. on Monday 23 June 2008, subject to the receipt of the necessary approvals from the UK Listing Authority.

Enquiries: 

Mears Group PLC 

Bob Holt, Chief Executive                              tel: [phone] 

Andrew Smith, Finance Director                         tel: [phone] 

www.mearsgroup.co.uk 

Threadneedle Communications 

Trevor Bass/Alex White                                 tel: [phone] 

Nominated adviser to Mears Group PLC - Investec 

Keith Anderson/Daniel Adams                            tel: [phone] 

Hansard Group 

John Bick                                              tel: [phone] 

 

END

 

 

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