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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Playwize | LSE:PLW | London | Ordinary Share | GB00B3K51464 | 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% | 5.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMPLW RNS Number : 8451L Playwize PLC 13 May 2010 13 May 2010 Playwize plc ("Playwize" or the "Company") Cancellation of AIM Admission The Board of Playwize today announces that the Company's quotation on the AIM market of the London Stock Exchange plc ('AIM') will automatically be cancelled with effect from 7 a.m. on 20 May 2010 pursuant to Rule 41 of the AIM Rules for Companies. At that time, the Company's shares will have been suspended from trading on AIM for a period of six months. Since the Company disposed of its business and assets on 18 November 2008, the Board of Playwize has evaluated a number of potential opportunities, none of which have been suitable in light of the Company's investing strategy nor, the Directors believe, in the best interests of its shareholders. In addition, the Company has worked on prospective transactions which have moved into due diligence phase but subsequently aborted following termination of discussions between the Board and other respective parties. Specifically the Company announced on 19 November 2009 that they had signed non-binding heads of terms for the acquisition of a business in accordance with its investing strategy. Unfortunately this transaction was aborted following termination of discussions between the Board and the other respective parties. As a consequence the Company has been unable to make an acquisition or acquisitions which constitute a reverse takeover under rule 14 or otherwise implement the Company's investing strategy. Due to the negligible resources available to the Company it is not envisaged that the Board will continue to seek to find a suitable transaction for Playwize following the delisting of the Company from AIM. For further information: +----------------------------------------+----------------------------------------+ | Playwize plc | Tel: +972 54 4602 253 | +----------------------------------------+----------------------------------------+ | John Corre, Chairman | | +----------------------------------------+----------------------------------------+ | | | +----------------------------------------+----------------------------------------+ | Allenby Capital Limited | Tel: +44 (0)20 3328 5656 | +----------------------------------------+----------------------------------------+ | Nick Athanas/James Reeve | | +----------------------------------------+----------------------------------------+ This information is provided by RNS The company news service from the London Stock Exchange END MSCUOVBRRBAVARR
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