Prime People PLC
20 May 2004
20 May 2004
Prime People PLC ('Company')
Intention to transfer from the Official List to the Alternative Investment
Market
The board announces today that it intends to apply to cancel the listing of the
Company's entire issued share capital from the Official List of the UK Listing
Authority (the 'Official List') and simultaneously apply for the same to be
admitted to the Alternative Investment Market of the London Stock Exchange
('AIM') and to cease trading on the London Stock Exchange's main market for
listed securities.
It is expected that shares will simultaneously de-list from the Official List
and commence trading on AIM on or about 21 June 2004.
The lower costs of maintaining a quotation on AIM and the less onerous
requirements will lead to cost savings. The move to AIM will not impact on the
conduct of the business nor its corporate governance.
There is no requirement for an AIM admission document to be published by the
Company.
W.H. Ireland Limited has agreed to act as nominated adviser and broker to the
Company.
For further information, please contact:-
Chris Heayberd Prime People plc Tel: 0207 520 5026
Laurie Beevers W.H. Ireland Ltd. Tel: 0161 832 2174
This information is provided by RNS
The company news service from the London Stock Exchange
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