Harrier Group PLC
02 June 2006
Harrier Group plc ('Harrier' or the 'Company')
Update
Suspension
The Company's shares were suspended from trading on AIM at 7.00am on Friday 2
June 2006 under Rule 8 of the AIM Rules. The listing on AIM of the Company's
shares will be cancelled with effect from 7.00am on 4 December 2006 if it has
not undertaken a reverse takeover by that date.
Update
The Board is pleased to announce that Harrier is currently negotiating with a
potential acquisition. The Company has been in discussions with the target since
January of this year and both parties have agreed the broad parameters of a
proposed transaction.
Advisers have been instructed and subject to satisfactory due diligence and
shareholder consent we anticipate the enlarged entity being re-admitted to AIM
in the third or fourth quarter of this year. Such a transaction will represent a
reverse takeover under the AIM Rules and accordingly, when appropriate, a new
AIM Admission Document will be published and the ordinary shares will recommence
trading on AIM.
The Company will update shareholders when further information becomes available.
Enquiries:
Bob Morton
01926 632 713
Chairman
This information is provided by RNS
The company news service from the London Stock Exchange