Cancellation of admission to AIM

 

TIDMZYZ 
 
RNS Number : 6236T 
Zyzygy PLC 
09 June 2009 
 

Zyzygy plc ("Zyzygy" or the "Company") 
Cancellation of admission to AIM 
On 9 December 2008 the Company's shares were suspended from trading on AIM as 
the accounts for the year ended 30 June 2008 would not have been available by 31 
December 2008. 
 
 
The global financial crisis has affected the Company badly in a number of ways, 
preventing the realisation of funds through the flotation of its investee 
companies, and delaying the receipt of funds promised by shareholders. Although 
overheads have been cut to a minimum with the directors drawing neither salary 
nor expenses for a considerable time, funds became tight and on 10 March 2009, 
the Company felt obliged to update the market, stating that it had limited cash 
resources, that funds expected to be made available by a shareholder had not, at 
that date, been forthcoming and that a further statement would be made once the 
Company's financial position has been clarified. 
 
 
As the Company has not yet been able to raise funds and to complete its audit, 
its shares will cease to be traded on AIM with effect from 10 June 2009. 
 
 
After tomorrow, the Company will continue to operate as an unquoted company, 
seeking to raise funds from shareholders or elsewhere in order to allow it to 
develop its principal investee company, NiceTech Limited. Depending on how the 
Company progresses, the directors may seek to relist the Company's shares at 
some time in the future. 
 
 
Contacts: 
 
 
Zyzygy plc 
Duncan Lipscombe (Chairman) 
07775 681648 
 
 
Grant Thornton UK LLP 
Philip Secrett/Colin Aaronson 
020 7383 5100 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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