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Jellybook Limited (JELY)

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Monday 04 March, 2013

Jellybook Limited

Proposed Members' Voluntary Liquidation

RNS Number : 2004Z
Jellybook Limited
04 March 2013


("Jellybook" or the "Company")


Proposed Members' Voluntary Liquidation and proposed cancellation of admission to trading on AIM


The Company announces that since the announcement of its interim results on 26 September 2012  the  board  has  been  unable  to  identify  a  suitable investment opportunity which fulfils the Company's investment strategy,  which was to acquire or invest in businesses in the social media sector, particularly those companies with both digital media and social networking capabilities, such that it would constitute a reverse takeover within the meaning of the AIM Rules for Companies.


The board no longer believes that the Company is able to fulfil the purpose for which it was established and has therefore decided to recommend that the Company should be wound up by way of a members' voluntary liquidation (the "Liquidation").  It is further proposed that any net surplus cash of the Company should be distributed by the liquidators (once appointed) to the Company's shareholders and for admission of the Company's shares from trading on AIM to be cancelled as soon as possible.


A circular is in the process of being prepared and will shortly be sent to shareholders to convene a general meeting (the "General Meeting") at which resolutions will be proposed to approve the Liquidation and the cancellation of the Company's AIM listing.


Further announcements will be made at the appropriate time.


For further information, contact:


Jellybook Limited


+ 44 (0)1603 753675


Allenby Capital Limited


+ 44 (0) 20 3328 5656

Alex Price, Nick Naylor




+ 44 (0) 20 7379 5151

Neil Bennett, Daniel Yea




This information is provided by RNS
The company news service from the London Stock Exchange

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