Update re proposed delisting

RNS Number : 7999H

Medsea Estates Group PLC

10 November 2008

 



MEDSEA ESTATES GROUP PLC

('the Company')

Update on proposed cancellation of AIM admission

Further to the proposal to seek shareholder approval for the cancellation of the Company's AIM admission, the Company announces that it has received various approaches from third parties offering a number of different options as an alternative to the proposed cancellation.

The Board of the Company is considering these approaches, which are at an early stage, to assess whether any is likely to offer greater value for all shareholders compared with the original plan to delist from AIM.

A further announcement will be made in due course.

For further information:

Medsea Estates Group plc
Tony Gatehouse, Chairman	Tel: [phone]
Juan Carlos Rodriguez Martinez, Chief Executive

HB Corporate
Edward Hutton	Tel: [phone]

Media enquiries:

Threadneedle Communications
Alex White/Josh Royston	Tel: [phone]

 

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