Heath(Samuel) & Sons PLC
25 August 2000
Samuel Heath & Sons Plc
Transfer from Official List to AIM
The Company announced at its AGM held earlier today its
intention to move from the Official List of the UK
Listing Authority to the Alternative Investment Market.
This decision follows a review by the Board of a number
of matters affecting the quotation including the rules
relating to taxation of AIM quoted shares as set out in
the budget earlier this year. The Board believes that
the majority of the Company's shareholders will
potentially benefit from a move to AIM, and the costs to
the Company of maintaining a listing will be reduced.
It is anticipated that dealings in the Company's ordinary
shares on the Official List will cease with effect from
the close of business on Friday 29 September 2000 and
will commence on the Alternative Investment Market from
the commencement of business on Monday 2 October 2000.
A further announcement giving summary details of the
directors' significant shareholdings and activities of
the Company will be made on 15 September in accordance
with the AIM rules.