MBL Group PLC AIM Notice and Update on Proposed Cancellation (6697X)

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RNS Number : 6697X

MBL Group PLC

13 August 2018

MBL Group plc / Epic: MUBL / Index: AIM

RNS ANNOUNCEMENT: The information communicated in this announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

For immediate release

13 August 2018

MBL Group PLC

("MBL" or the "Company" or the "Group")

AIM Notice

and

Update on the Proposed Cancellation of Admission of Ordinary Shares to trading on AIM

AIM Notice

MBL Group plc (AIM: MUBL) notes that the London Stock Exchange has today published details of a censure of the Company and a fine of GBP125,000 for historic breaches of the AIM Rules in September 2017, discounted to GBP75,000 for early settlement of the proceedings.

The Exchange states in its announcement that, since the events that are the subject of this censure, the Company has a completely new board.

The Exchange Notice is available at:

http://www.londonstockexchange.com/companies-and-advisors/aim/advisers/aim-notices/aim-notices.htm

Update on the Proposed cancellation of Admission of Ordinary Shares to trading on AIM

Further to the Company's announcement on 15 June 2018, the Board confirms that it still intends to seek cancellation of admission to trading on AIM of its Ordinary Shares. Under the AIM Rules, a proposal to cancel the trading of the Company's securities on AIM is conditional on the requisite notice being given to the London Stock Exchange and on the consent being granted in general meeting by Shareholders holding not less than 75 per cent. of the votes cast on the resolution proposed at such general meeting. The Board anticipates that the necessary Circular and Notice of General Meeting will be sent to shareholders shortly and a further announcement in relation to this process will be made at that time.

For further information visit www.mblgroup.co.uk

Contact:

 
 Anton Lane 
  James Reynolds    MBL Group plc              01454 777831 
                    SPARK Advisory Partners 
                     Limited (Nominated 
 Mark Brady          Adviser)                  0113 370 8970 
 

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August 13, 2018 13:04 ET (17:04 GMT)