22nd Apr 2005 12:37
Sherwood Group PLC22 April 2005 Sherwood Group plc ("the Company" or "Sherwood") TRANSFER TO THE ALTERNATIVE INVESTMENT MARKET The Board of Sherwood announces today its intent to move from the Official Listof the London Stock Exchange to the Alternative Investment Market (AIM). The Board believes that AIM, with its lower cost of complying with continuingobligations is more appropriate for a company of Sherwood's size. The AIM Rules require that the Company appoints a nominated adviser and brokerbefore its Ordinary Shares are admitted to trading on AIM. KBC Peel Hunt hasagreed to act as nominated adviser and broker to the Company. The Board is aware that there are circumstances which can prohibit shareholdersfrom investing in shares quoted on AIM. The shares of a company quoted on AIMcannot be held in Personal Equity Plans or Individual Savings Accounts.Shareholders are advised to review their position in this respect as soon aspossible. Application has been made for the Company's issued ordinary share capital to beadmitted to trading on AIM and for the cancellation of the Company's ExistingOrdinary Shares on the Official List. It is intended that AIM Admission will become effective at 8.00 a.m. on 24 May 2005 and that trading in the Company'sshares on the Official List of the UKLA will cease at the same time. Enquiries: Martin Webster, Finance Director, Sherwood Group plc Tel: 0115 946 1070 Matt Goode, KBC Peel Hunt Ltd Tel: 020 7418 8900 22 April 2005 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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