Catalyst New Opportunities PLC
03 April 2006
FOR IMMEDIATE RELEASE: 7.00 3 April 2006
CATALYST NEW OPPORTUNITIES PLC ('Catalyst' or the 'Company')
SUSPENSION OF TRADING
The shares of Catalyst have today been suspended by AIM under AIM Rule 8, which
came into effect on 1 April 2005 and which required an investing company to make
an acquisition or acquisitions that constitute a reverse takeover under AIM Rule
14 by 1 April 2006.
As announced on 31 October 2005, the Company had made significant progress in
identifying a potential takeover target but unfortunately the transaction was
aborted near to completion resulting in costs being incurred. At present, the
Company .has been in discussions with a number of potential targets, one in
particular; however this is at a very early stage of negotiation. Consequently,
the Company will update shareholders when further information becomes available.
Such a transaction will represent a reverse transaction under the AIM Rules and
accordingly, when appropriate, a new AIM Admission Document will be published
and the shares will recommence trading on AIM.
In the event that this or any other proposed reverse transaction does not take
place within six months, the Company's shares will be cancelled on Tuesday 3
October 2006 at 7.00.
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.