9th Jul 2012 07:00
9 July 2012
PME African Infrastructure Opportunities plc
("PME" or "the Company")
(AIM: PMEA.L; PMEW.L)
Termination of Management Agreement
Delisting of Warrants
Further to the announcement of 7 July 2011, the Company confirms that the Management Agreement dated 6 July 2007 between the Company and PME Infrastructure Managers Limited is terminated with effect from today. The board of PME ("Board") has decided not to appoint an alternate investment manager and, therefore, with immediate effect, it has assumed responsibility for the management of the Company's remaining assets.
The Board also confirms that application has been made to cease the quotation of the Warrants on AIM and this will become effective from 8:00am on Monday, 9 July 2012.
For further information please contact:
Smith & Williamson Corporate Finance Limited | Azhic Basirov / Siobhan Sergeant | +44 20 7131 4000 |
Oriel Securities Limited | Joe Winkley / Neil Winward | +44 20 7710 7600 |
Related Shares:
PMEA.L