Information  X 
Enter a valid email address

Ford Eagle Group Ltd (FEGP)


Tuesday 03 July, 2012

Ford Eagle Group Ltd

Shares admitted to trading on the GXG Stock Exc...

3 July 2012

Ford Eagle Group Limited

Shares admitted to trading on the GXG Stock Exchange

Ford Eagle Group ("FEG" or the "Group") announces that its shares will be
admitted to trading on the European GXG Stock Exchange UK facing list with
effect from 4 July 2012.

The Directors have been concerned by recent events at PLUS Markets and remain
uncertain as to its future direction under the ownership of ICAP. In order to
ensure that there is no interruption to the trading of FEG's shares, the
Group's securities may now be traded on PLUS Markets and from 4 July 2012 on

About the GXG Exchange

GXG Markets operates an European Regulated Market and Multilateral Trading
Facility ("MTF"). All shares trading on GXG Markets takes place through GXG's
proprietary electronic trading platform that provides regulated brokers with
direct market access so that brokers can:

+ see the order book for each security, for both the prices and volumes available

+ place orders to buy and sell at prices and volumes that suit their investors, and

+ report trades that have been agreed with their clients.

The directors believe that by providing direct market access, GXG Markets offer
a more transparent trading model with prices set by the last traded price
rather than by a market maker. This, they believe, delivers faster trade
reporting and eliminates spreads between the price a buyer pays and the price a
seller obtains.

Comment from the Non Executive Chairman, Tony Drury:

`As reported to shareholders in the Annual Report for year ended 31 December
2011, the events at PLUS Markets have been a difficult setback. FEG had
obtained a PLUS Markets trading facility to demonstrate to companies in the Far
East that London offers a safe haven for Initial Public Offer applications.

However the Group has recovered well and is now pursuing a number of new
mandates for corporate structuring, pre-IPO fund-raisings, introductions to GXG
Markets and introductions to markets worldwide.

It has offices in Shenzhen (PRC), Hong Kong and representatives in London.'

For further information on this announcement please contact:

Ford Eagle Group Ltd

Tony Drury, Non-Executive Chairman

+ 44 -79737 37284 (UK)

Jack Law, Executive Director

+ 44 7766 566 068 (UK)

+ 852 9683 6228 (HK)

Alexander David Securities Limited - Corporate Adviser

David Scott

+44 20 7448 9800

a d v e r t i s e m e n t