Re: Nominated Adviser and Bro

RNS Number : 7176Y

Proton Power Systems PLC

09 July 2008

 

9 July 2008

Proton Power Systems plc

('Proton Power' or the 'Company')

Re: Nominated Adviser and Broker

On 2 May 2008, the Board of Proton announced that Noble & Company Limited ('Noble') had, on 29 April 2008, provided the Company with notice of its intention to step down as nominated adviser and broker to the Company to become effective at a date to be agreed between Noble and the Company.

The Board of Proton today announces that Noble has confirmed to the Company that they will step down as nominated adviser and broker to the Company with effect from 31 July 2008. Proton is currently in discussions with a replacement nominated adviser and broker to the Company and will make a further announcement at the appropriate time.

Pursuant to rule 1 of the AIM Rules for Companies, should Proton not appoint a new nominated adviser and broker by 31 July 2008 then the Company's shares will be suspended from trading on AIM. If within one month of 31 July 2008, the Company has failed to appoint a replacement nominated adviser, the admission of the Company's AIM securities to trading on AIM will be cancelled.

- ends -

For further information:

Proton Power Systems plc	www.protonpowersystems.com
Felix Heidelberg, CEO	Tel: [phone]
[e-mail]
Noble & Company Limited	www.noblegp.com
Graeme Bayley / Nick Athanas	Tel: [phone]

Media enquiries:

Abchurch Communications Limited	Tel: [phone]
Monique Tsang / Justin Heath	Tel: [phone]
[e-mail]	www.abchurch-group.com

This information is provided by RNS

The company news service from the London Stock Exchange

 

END

 

 

MSCFKCKPQBKDBOK