Business
Suspension
Suspension.
About this update from Palace Capital Plc
[{"type":"text","content":"\n \nRNS Number : 4302L Palace Capital PLC 01 August 2011 \n \n\nPalace Capital plc (\"Palace Capital\")\n \n1 August 2011\n \nSuspension of trading on AIM\n \nAs announced on 27 July 2011 within the Company's final results for the year ended 31 January 2011, Palace Capital has been continuing to review potential investment and acquisition opportunities available to it, none of which have yet come to fruition.\n \nIn accordance with AIM Rule 40, the Company was obligated to implement its Investing Policy by 30 July 2011 and if it had not done so by this time the Company's Ordinary Shares would be suspended from trading on AIM.\n \nAs the Company has not made an acquisition that constitutes a reverse takeover under AIM Rule 14 nor has it otherwise implemented its Investing Policy, the Company's Ordinary Shares will be suspended from trading on AIM with effect from 7.30a.m. on 1 August 2011 in accordance with AIM Rule 40.\n \nThe Board continue to review potential opportunities available to them and will announce any developments to Shareholders as soon as possible.\n \nEnquiries:\nPalace Capital plc\nNeil Sinclair, Managing Director\nTel: +44 (0)20 7722 7603\n \nFairfax I.S. PLC\nKaty Birkin/Ewan Leggat\nTel: +44 (0)20 7598 5368\n \nLehmann Communications plc\nRonel Lehmann\nTel: +44 (0) 20 7266 3020\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END SRSPGUCUMUPGGQB \n ","length":2280,"tagName":"div"}]