Catalyst New Opportunities PLC
03 April 2006
FOR IMMEDIATE RELEASE: 7.00 3 April 2006
CATALYST NEW OPPORTUNITIES PLC ('Catalyst' or the 'Company')
SUSPENSION OF TRADING
The shares of Catalyst have today been suspended by AIM under AIM Rule 8, which
came into effect on 1 April 2005 and which required an investing company to make
an acquisition or acquisitions that constitute a reverse takeover under AIM Rule
14 by 1 April 2006.
As announced on 31 October 2005, the Company had made significant progress in
identifying a potential takeover target but unfortunately the transaction was
aborted near to completion resulting in costs being incurred. At present, the
Company .has been in discussions with a number of potential targets, one in
particular; however this is at a very early stage of negotiation. Consequently,
the Company will update shareholders when further information becomes available.
Such a transaction will represent a reverse transaction under the AIM Rules and
accordingly, when appropriate, a new AIM Admission Document will be published
and the shares will recommence trading on AIM.
In the event that this or any other proposed reverse transaction does not take
place within six months, the Company's shares will be cancelled on Tuesday 3
October 2006 at 7.00.
This information is provided by RNS
The company news service from the London Stock Exchange