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Meriden Group PLC (MRD)

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Thursday 04 December, 2008

Meriden Group PLC

Cancellation of trading

RNS Number : 4992J
Meriden Group PLC
04 December 2008
 



Meriden Group plc ('the Company')


Cancellation of trading



Meriden Group plc announces today that it expects the Company's admission to trading on the AIM Market of the London Stock Exchange ('AIM') will be cancelled with effect from 7:00am on 10 December 2008 pursuant to Rule 41 of the AIM Rules for Companies.


The Company's shares will have been suspended from trading on AIM for a period of six months since June 2008 During this period, the Directors have evaluated a number of opportunities and have been in detailed negotiations in relation to certain potential acquisitions. However, none of the discussions have lead to acquisition opportunities on terms which the Directors have considered to be in the best interest of its shareholders. 


After careful consideration, the Directors have concluded that the interests of the Company and its shareholders will be best served if the Company continues as an unquoted company in the immediate term.  It is not proposed that the Company be re-registered as a private company.  The Directors continue to be in detailed discussions regarding a potential acquisition and will consider the alternatives to restore liquidity in the Company's shares in due course.  Any further announcements will be made via the Company's website at www.meriden-group.co.uk


Enquiries:


Rick Payne          01606 721300

Meriden Group 




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