Readybuy PLC
19 April 2006
Readybuy plc
Further to the announcement made by Readybuy plc (the 'Company') on 12 April
2006 (the 'Announcement') regarding proposals to raise £262,500, before
expenses, by the issue of additional equity share capital, the attention of
shareholders is drawn to the proposed investing strategy of the Company as set
out in the Announcement.
Further to the changes to the AIM Rules in respect of investing companies which
came into effect on 1 April 2005, the Company is required to complete a reverse
transaction or satisfy the Exchange that it has substantially implemented its
Investing Strategy by 21 October 2006. In the event that this deadline is not
met, the Company's shares will be suspended from trading and, if within the then
following six months, such a transaction has not been undertaken, the admission
of these shares to trading on AIM will be cancelled.
As stated in the Announcement, the Concert Party is currently in discussions
with a potential target but, at this stage, has not entered into any binding
agreement.
Terms defined in the Announcement have the same meaning in this announcement.
For further information, please contact:
Colin Davies Readybuy plc 01904 520840
David Youngman WH Ireland Ltd. 0161 832 2174
This information is provided by RNS
The company news service from the London Stock Exchange