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MAMA Group Plc (MAMA)

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Friday 30 January, 2009

MAMA Group Plc

Temporary Suspension

RNS Number : 5034M
MAMA Group Plc
30 January 2009
 



30 January 2009


MAMA Group plc

("MAMA" or the "Company")


Temporary Suspension 


MAMA Group plc today announces a temporary suspension pending the publication of the Company's annual accounts to year ended 31 July 2008. 


The delay in finalising the Company's annual report has been largely due to resource constraints as a result of extensive work required in undertaking the transaction with HMV as announced on 14 January 2009Further to the announcement, the Company is pleased to confirm that it has now received the initial cash consideration of £18.245 million. 


The Company expects to publish the annual accounts for the year ended 31 July 2008 on or before 12 February when it is expected that the temporary suspension will be lifted. 


For further confirmation:


Adam Driscoll or Dean James, Co-Chief Executives 

MAMA Group plc                                                                 020 7688 9000


Mark Longson

Square1 Consulting Limited                                                  020 7929 5599


Katherine Roe or Ashton Clanfield

Panmure Gordon                                                                 020 7459 3600



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