23rd Nov 2009 07:30
Environmental Recycling Technologies plc
Response to Public Censure by the London Stock Exchange
Environmental Recycling Technologies plc ("ERT", "the Company" or the "Group") is an AIM-traded company which has developed and is exploiting the patented rights to the Powder Impression Moulding ("PIM") process.
The Board of ERT notes that the London Stock Exchange has today announced a Public Censure of the Company in respect of breaches of the AIM Rules during the period from July 2007 to June 2008. The Company has co-operated fully with the London Stock Exchange in the enquiry into these breaches and, following discussions, has accepted the findings of the investigation and agreed to a public censure.
Ken Brooks, Chairman of ERT, commented as follows:
"ERT has undergone key board and operational changes since the matters referred to in this public censure took place during the period from July 2007 to June 2008. Since the breaches referred to in this public censure the standards of governance, procedures, controls and communication with our NOMAD have been significantly improved."
23 November 2009
For further information:
Environmental Recycling Technologies plc
Ken Brooks (Chairman)
David Shepley-Cuthbert (Finance Director) 0845 071 1394
Related Shares:
ENRT.L