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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Osaka Gas Co Ltd | TG:OSA | Tradegate | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 21.00 | 20.80 | 21.20 | 0.00 | 06:32:01 |
RNS Number:4017I OneSaturday PLC 06 March 2003 ONESATURDAY PLC Further re Delisting Further to the Company's announcement on 5 March 2003 regarding its intention to delist, the Company wishes to provide the following additional information. The Company announced its intention to cancel its quotation on AIM because its directors believe that the costs of maintaining a listing currently outweigh the benefits of being listed given the illiquidity of the Company's shares and the very low share price. The Company considers that it is unable to raise money through a rights issue or a fresh issue of new shares given the costs of raising such money and associated advisers' fees. The directors believe that should additional funds be required, the new Board will be able to provide funding to the Company subject to normal shareholder rights. Chris Matthews is a major shareholder in the Company and has agreed to back the Company and provide it with its necessary funding should growth capital be required. The appointment of the new management team - Rob West and Peter Randall, who along with Chris Matthews set up Telinco plc in 1997 and sold it to World Online for over #100 M in 2000, should re-assure shareholders that their Company is in safe hands. Chris Matthews wishes to expand the Company globally and become predominantly web based and intends to develop and grow the Company at the same speed as he did with Telinco plc. In the future, the Board will then seek to either sell, merge or relist the Company. Another significant addition to the board is Lorraine Adams who, two years ago, founded Gorgeous Networks Limited, a lifestyle and dating company. Lorraine is seen as a leading spokesperson in the industry. For further comments from any of the new board members or information please call Rebecca Clark Group Marketing manager on 0870 744 0208. This information is provided by RNS The company news service from the London Stock Exchange END FUREQLFBXXBBBBX
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