Next Fifteen Communications Plc
Next Fifteen Communications Group plc
28th February 2005
Statement of intention to transfer to AIM
The Board of Next Fifteen Communications Group plc ("Next Fifteen" or "the
Company") announced its intention to transfer the listing of the Company's
ordinary shares of 2.5 pence each ("Ordinary Shares") from the Official List of
the United Kingdom Listing Authority (the "Official List") to AIM, in its
trading update on 26 January 2005.
This announcement is being made under the UKLA Listing Rules requiring 20
business days' notice of the Company's intention to de-list from the Official
List and transfer its listing to AIM.
The Board believes that AIM is the right market for a growing company of Next
Fifteen's size and the more flexible regulations will allow the Company to make
strategic acquisitions without the need for costly and time-consuming
shareholder circulars. In addition the lower costs of compliance with AIM's
continuing obligations are considered more appropriate for a company of Next
Fifteen's size and stage of development.
It is expected that the Ordinary Shares will simultaneously de-list from the
Official List and commence trading on AIM on 31 March 2005.
The AIM Rules require that the Company appoints a nominated adviser and broker
before its Ordinary Shares are admitted to trading on AIM. Bridgewell Limited
and Bridgewell Securities Limited have agreed to act as nominated adviser and
broker respectively to the Company.
For further information, please contact:
David Dewhurst, Finance Director, Next Fifteen Communications Group plc
020 8996 4154
John Bick - Holborn Public Relations
020 7929 5599