World Trade Systems PLC Cancellation of Listing (6371D)

TIDMWTS

RNS Number : 6371D

World Trade Systems PLC

20 February 2020

20 Feb 2020

Cancellation of the Listing of the Ordinary Shares

The Directors have decided to delist the Company since it has no active business and no source of business income. The Directors believe that in order to reconstruct the Company's business, for the benefit of all shareholders, it is necessary to cancel the listing of the Company. The cancellation of the listing is expected to take effect on 27 Mar 2020.

The costs of reconstruction when the Company is listed, albeit suspended, would be prohibitive. Therefore the cancellation of the listing at this time will benefit all shareholders and creditors as it will enable the Company to avoid insolvency and the costs related thereto.

The Directors have decided that it is not necessary to seek approval of shareholders for the cancellation thereby saving further unnecessary costs. Even after the cancellation of the listing, the Company remains a public limited company and shareholders will be kept informed of the activities in the same manner as before.

For any further information relating to the above, the shareholders are requested to contact the following:

   Robert Lee,         Director               [e-mail] 
   AKM Ismail         Consultant          [e-mail] 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

MSCKKKBNBBKDABB

(END) Dow Jones Newswires

February 20, 2020 07:43 ET (12:43 GMT)