M&L Property & Assets PLC Update and Suspension

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Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
M&L Property	LSE:PHU	London	Ordinary Share	GB00B0YMRZ51	ORD 1P

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	0.00	0.00%	23.50						0.00	01:00:00

Industry Sector	Turnover	Profit	EPS - Basic	PE Ratio	Market Cap
	0	0		N/A	0

M&L Property & Assets PLC Update and Suspension

23/02/2016 1:33pm

UK Regulatory

 
TIDMPHU 
 
M&L Property & Assets Plc 
                                (the "Company") 
 
                             Update and Suspension 
 
The Board of the Company announces that it has today been informed by the 
Company's asset manager, M & L Capital Management Limited, that unauthorised 
sales of Company properties have apparently taken place and that there is a 
possibility that Company funds have been misappropriated. 
 
The Board is urgently investigating this matter and will report back to 
shareholders as soon as possible. 
 
In the meantime, due to the fundamental uncertainty created, the Board has 
requested that the Company's shares be suspended from trading on AIM with 
immediate effect. 
 
For further information, please contact: 
 
The Directors 
Barry Smith 
Tel: +44 1624 699000 
 
Asset Manager: 
M & L Capital Management Limited 
Tel: +44 (0)20 7584 5733 
 
Nominated Adviser: 
Liam Murray / Tony Rawlinson / Jo Turner 
Cairn Financial Advisers LLP 
Tel: +44 (0)20 7148 7900 
 
 
 
END

(END) Dow Jones Newswires

February 23, 2016 08:33 ET (13:33 GMT)