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PHU M&L Property

23.50
0.00 (0.00%)
26 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
M&L Property LSE:PHU London Ordinary Share GB00B0YMRZ51 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% 23.50 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

M&L PROPERTY & ASSETS PLC - Update and Suspension

23/02/2016 1:33pm

PR Newswire (US)


Pactolus Hungarian Property (LSE:PHU)
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From Jun 2019 to Jun 2024

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M&L Property & Assets Plc
(the “Company”)

Update and Suspension

The Board of the Company announces that it has today been informed by the Company’s asset manager, M & L Capital Management Limited, that unauthorised sales of Company properties have apparently taken place and that there is a possibility that Company funds have been misappropriated.

The Board is urgently investigating this matter and will report back to shareholders as soon as possible.

In the meantime, due to the fundamental uncertainty created, the Board has requested that the Company’s shares be suspended from trading on AIM with immediate effect.

For further information, please contact:

The Directors
Barry Smith
Tel: +44 1624 699000
Asset Manager:
M & L Capital Management Limited
Tel: +44 (0)20 7584 5733
Nominated Adviser:
Liam Murray / Tony Rawlinson / Jo Turner
Cairn Financial Advisers LLP
Tel: +44 (0)20 7148 7900

Copyright y 23 PR Newswire

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