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Meriden Group PLC (MRD)

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Monday 09 June, 2008

Meriden Group PLC

Statement re. Suspension

RNS Number : 2189W
Meriden Group PLC
09 June 2008
 







Meriden Group plc 


('the Company')


Possible reverse takeover and suspension of shares

 

The Directors are pleased to announce that the Company is in detailed negotiations regarding an acquisition which, if consummated, would constitute a reverse takeover under the AIM Rules. The acquisition would be subject to the approval of shareholders and the granting by the Takeover Panel of a waiver of the obligation on the Company to make a general offer under Rule 9 of the City Code on Takeovers and Mergers.


Since the Company has been unable to complete a reverse takeover prior to 8 June 2008, being 12 months after the Company became an investing company pursuant to the AIM Rules, trading in the Company's shares on AIM has today been suspended. Restoration of trading will occur upon publication of the Company's circular and AIM admission document relating to the acquisition.

 

The Company is currently in the process of undertaking due diligence in relation to the acquisition.  Further announcements will be made in due course as appropriate.



Contact:


Rick Payne

Meriden Group plc

01606 721300

 


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