28th Sep 2006 07:02
Multi Group PLC28 September 2006 Multi Group Plc ("Multi" or "Company") Temporary suspension in the trading of the Company's ordinary shares on AIM Further to the announcement of 18 August 2006, Multi confirms that it has agreedin principal terms for the sale of the entire issued share capital of itssubsidiary Global Medics to the original owners of that business (the "Sale"). The Sale will require the approval of Multi's shareholders in general meetingand it is anticipated that a circular providing details of the Sale and givingnotice of an EGM, will be sent out to shareholders in the near future. However,as a consequence of the proposed transaction, Multi will not be in a position topublish its audited accounts for the fifteen month period to 31 March 2006 untilthe circular has itself been published. As this will not be before 30 September 2006, the latest date required by theAIM Rules for publishing the accounts, the Company has today applied for andbeen granted a temporary suspension in the trading of its ordinary shares onAIM. Further details regarding the terms of the Sale will be announced as soon aspossible and it is anticipated that the preliminary results for the period ended31 March 2006 will be released at the same time. Upon publication of theCompany's audited accounts trading in the Company's ordinary shares on AIM willresume. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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