Colefax Group PLC
22 July 2004
COLEFAX GROUP PLC
TRANSFER TO THE ALTERNATIVE INVESTMENT MARKET
The Board of Colefax Group plc announces today its intent to move from the
Official List of the London Stock Exchange to the Alternative Investment Market
(AIM).
The Board believes that AIM, with its lower cost of complying with continuing
obligations is more appropriate for a company of Colefax Group's size.
The AIM Rules require that the Company appoints a nominated adviser and broker
before its Ordinary Shares are admitted to trading on AIM. KBC Peel Hunt has
agreed to act as nominated adviser and broker to the Company.
The Board is aware that there are circumstances which can prohibit shareholders
from investing in shares quoted on AIM. The shares of a company quoted on AIM
cannot be held in Personal Equity Plans or Individual Savings Accounts.
Shareholders are advised to review their position in this respect as soon as
possible.
Application has been made for the Company's issued ordinary share capital to be
admitted to trading on AIM and for the cancellation of the Company's Existing
Ordinary Shares on the Official List. It is intended that AIM Admission will
become effective at 8.00 a.m. on 19th August 2004 and that trading in the
Company's shares on the Official List of the UKLA will cease at the same time.
Enquiries:
David Green, Chairman Tel: 020 7318 6021
Robert Barker, Finance Director Tel: 020 7318 6007
Jonathan Marren, KBC Peel Hunt Ltd Tel: 020 7418 8900
Katie Tzouliadis/Kathryn van der Kroft, Biddicks Tel: 020 7448 1000
This information is provided by RNS
The company news service from the London Stock Exchange