16th Jan 2012 07:00
Embargoed for release at 7am 16 January 2012
RedHot Media International Limited("RedHot" or the "Company")
Transition to SETS
RedHot (AIM:RHM), a leading media, advertising and marketing business with distribution channels in both Malaysia and China, is pleased to announce that it has arranged to transfer the trading of the Company's ordinary shares of US$0.10 each (the "Ordinary Shares") from SEAQ to the SETS trading platform on the London Stock Exchange. This transfer will take effect from 8 a.m. on 16 January 2012.
The Board of RedHot has decided to move the trading of its Ordinary Shares on AIM from SEAQ to the SETS electronic order book trading system. SETS offers multiple order types and market maker support, and is one of the most liquid electronic order books in Europe. The combination of this liquidity, market supervision and competing clearers ensures a fair and transparent market for investors.
Cheong Chia Chieh, Managing Director of RedHot, commented: "We are pleased to have been able to move to a SETS trading platform which, as a Board, we believe will benefit the Company particularly as order book trading systems are better understood and more familiar to Asian-based investors"
Non-UK investors wishing to trade in Ordinary Shares in RedHot should contact their stockbroker quoting the TIDM Code (RHM.L) and the ISIN Number (KYG7447W1087).
For further information please contact:
RedHot Media International Limited | |
Cheong Chia Chieh | Tel: +601 2329 5522 |
Allenby Capital Limited (Nominated Adviser and Joint Broker) | Tel: +44 (0)203 328 5656 |
Nick Athanas | |
James Reeve | |
Daniel Stewart & Company Plc (Joint Broker) | Tel: +44 (0)20 7776 6550 |
Antony Legge | |
Colin Rowbury | |
Leander (Financial PR) | Tel: +44 (0)7795 168 157 |
Christian Taylor-Wilkinson |
Related Shares:
RHM.L