Grand Group Investment PLC Market update (0321L)

TIDMGIPO

RNS Number : 0321L

Grand Group Investment PLC

13 July 2017

13 July 2017

Grand Group Investment PLC

("Grand Group", the "Company" or the "Group")

Market update

Update on AGM:

The Board has also today resolved to hold the Company's AGM in early August and will be posting notices of the AGM to shareholders shortly. At the AGM the Board intend to propose an enlarged investing policy for shareholder approval.

Comment on Press speculation:

The Board noted there has been market speculation about whether funds will be returned to shareholders in the near term. The Board would caution investors against anticipating this, as this is not the current intention.

Investors should be aware that if the Company cannot substantially implement its investing policy before the 30(th) of September 2017, the Company's shares will be suspended from trading on AIM under AIM Rule 40. This suspension would be for up to 6 months, after which time, should the Company not have substantially implemented its investing policy, the Company's shares will be de listed.

The Board are also considering a secondary listing on an alternative market, as an alternative option to continue to provide shareholders a market for their shares during any prolonged period of suspension.

For further information:

 
 Grand Group Investment PLC 
 
   James Newman, Non-Executive            Tel: +44 (0) 
   Chairman                               20 7398 7714 
 Yang Xiao, Executive Director   www.grandgroupplc.com 
 
 
 ZAI Corporate Finance Limited 
 Ray Zimmerman / Ruby Qu          Tel: +44 (0) 
                                  20 7060 2220 
                                 www.zaicf.com 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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July 13, 2017 10:13 ET (14:13 GMT)