1st Sep 2005 07:01
Applied Optical Technologies PLC01 September 2005 APPLIED OPTICAL TECHNOLOGIES PLC1 SEPTEMBER 2005 TRANSFER TO AIM Applied Optical Technologies plc, the supplier of anti-counterfeitingtechnologies and services, is pleased to confirm its plans to transfer to AIM.The Company stated in its preliminary results announcement that it would move to AIM. It has become increasingly clear to the Board that the reporting andregulatory requirements required of fully listed companies are both expensiveand difficult to justify for a smaller company. Having consulted all of theGroup's advisors and major shareholders, the decision has been taken to apply to join AIM. The Board recognises that this will have disadvantages for someshareholders but the benefits to the Company as a whole require that this change is made. Application will be made for the Admission of the entire issued ordinary sharecapital to trading on AIM. It is anticipated that dealings will commence on AIM on 29 September 2005 and trading in the Company's shares on the Official List will be cancelled on the same day. Brewin Dolphin Securities Limited, the Company's existing financial adviser and broker, has been appointed as nominated adviser with effect from Admission. Contacts Applied Optical Technologies plc 0191 417 5434Mark Turnage, Chief Executive ([email protected])Mike Angus, Finance Director ([email protected]) Weber Shandwick Square Mile 020 7067 0700Nick Oborne Brewin Dolphin Securities Limited 0113 241 0130Andrew Emmott This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
OSG.L