Supercart PLC Trading Statement (8573T)

TIDMSC.

RNS Number : 8573T

Supercart PLC

19 December 2012

19 December 2012

Supercart plc

("Supercart" or the "Company")

Trading Statement

Publication of Annual Report and Accounts

The Board of Supercart announces that trading in the Company's established South African market during this important pre-Christmas period has been in line with management expectations, while the more challenging US market conditions have resulted in slower progress than had been anticipated.

The Company is due to publish its accounts for the year to 30 June 2012, which are expected to be in line with management forecasts. However, while the audit will be completed shortly the Company will not be in a position to publish the report and accounts before 31 December 2012, as required by the AIM Rules. In the event that the report and accounts are not published on or before 31 December 2012 trading in the Company's shares will be suspended with effect from 7.30am on Wednesday 2 January 2013, pending publication of the report and accounts.

Shareholders will be aware that the Company announced on 10 December 2012 that a General Meeting has been convened for 11 January 2013 at which shareholders will be asked to consider a resolution to cancel the admission of the Company's ordinary shares to trading on AIM. A circular has been sent to shareholders explaining the background to the proposed cancellation to trading on AIM and the reasons why the Board considers this to be in the best interests of the Company and its shareholders as a whole.

Notwithstanding the potential suspension of trading from 2 January 2013, should the resolution be approved at the General Meeting to be held on 11 January 2013, dealings in the Company's ordinary shares on AIM will be cancelled with effect from 7.00am on 21 January 2013. In the event that shareholders do not approve the resolution at the General Meeting the shares will remain suspended pending publication of the report and accounts.

Enquiries:

 
 Supercart Plc                    01732 459898 
 Chief Executive 
 Mike Wolfe 
 
 Charles Stanley Securities      020 7149 6000 
 Nominated Advisor and Broker 
 Russell Cook/Carl Holmes 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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