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TRO Trochus

15.00
0.00 (0.00%)
07 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Trochus LSE:TRO London Ordinary Share GB00B1WD8J84 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 15.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Statement re Cancellation

28/04/2008 10:20am

UK Regulatory


RNS Number:2129T
Trochus PLC
28 April 2008


                                  Trochus Plc

                                ("the Company")

             Cancellation of the Trading Facility on the AIM Market

Trochus plc announced today that the Company's trading facility on the AIM
Market of the London Stock Exchange ("AIM") will automatically be cancelled with
effect from 30 April 2008 pursuant to Rule 41 of the AIM Rules for Companies.
The Company's shares will have been suspended from trading on AIM for a period
of six months.

During this period, whilst the Directors have evaluated a number of potential
opportunities, none of which have been suitable in light of the Company's
investment policy nor in the best interest of its shareholders. The Directors
intend to continue to consider such opportunities but consider that it is
unlikely that any such potential transaction could be completed with sufficient
time to maintain its trading facility with AIM.

Accordingly, after careful consideration, the Board of Directors have concluded
that the interest of the Company and its shareholders will be best served if the
Company continued as a private company, to pursue other opportunities, with a
view to securing additional funding from the private  sector in order to restore
value and consider other alternatives to restore some liquidity in the Company's
shares in due course.

Following the delisting of the Company's shares from AIM, there will be no
public market for trading the Company's shares and the liquidity in the trading
market for the Company's shares will be significantly decreased which could
reduce the trading price and increase the transaction costs of trading the
Company's shares. While there can be no assurance of any shareholders being able
to sell any shares, the Company will attempt to facilitate identification of
shareholders and investors who might be interested in private transactions and
any shareholder seeking to engage in such a transaction may contact Mark
Horrocks on telephone number 0207 856 2512  at the Company.

David Gration
Executive Chairman
28 April 2008


For more information please contact:

Trochus plc
David Gration, Executive Chairman                    Telephone: 077689 38181



                      This information is provided by RNS
            The company news service from the London Stock Exchange
END
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