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Update on Trading

21st Jun 2013 07:00

RNS Number : 5650H
Bumi plc
21 June 2013
 



 

 

 

 

21 June 2013

 

For Immediate Release

 

Bumi plc ("Bumi" or the "Company")

 

Update on Trading

 

On 31 May 2013, Bumi announced that it was working to enhance its internal systems and controls at Berau having previously requested that trading in its shares be temporarily suspended. The Company is engaging with the Financial Conduct Authority regarding the work that has been done with the aim of securing its approval for the resumption of trading as soon as possible after the Company's Annual General Meeting on 26 June (the "AGM").

 

The Board remains committed to the delivery of a separation from the Bakrie Group and Bumi Resources. Negotiations pertaining to the separation are ongoing, including with respect to the unwind of the joint venture arrangements between the Bakrie Group and the Borneo Group, and a further update will be provided at the AGM.

 

For enquiries, please contact:

 

Bumi plc

Jayesh Pankhania

+44 (0) 20 7201 7506

 

 

RLM Finsbury

Ed Simpkins / Charles O'Brien

+44 (0) 20 7251 3801

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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