Grand Group Investment PLC Market update (0321L)
14 July 2017 - 12:13AM
UK Regulatory
TIDMGIPO
RNS Number : 0321L
Grand Group Investment PLC
13 July 2017
13 July 2017
Grand Group Investment PLC
("Grand Group", the "Company" or the "Group")
Market update
Update on AGM:
The Board has also today resolved to hold the Company's AGM in
early August and will be posting notices of the AGM to shareholders
shortly. At the AGM the Board intend to propose an enlarged
investing policy for shareholder approval.
Comment on Press speculation:
The Board noted there has been market speculation about whether
funds will be returned to shareholders in the near term. The Board
would caution investors against anticipating this, as this is not
the current intention.
Investors should be aware that if the Company cannot
substantially implement its investing policy before the 30(th) of
September 2017, the Company's shares will be suspended from trading
on AIM under AIM Rule 40. This suspension would be for up to 6
months, after which time, should the Company not have substantially
implemented its investing policy, the Company's shares will be de
listed.
The Board are also considering a secondary listing on an
alternative market, as an alternative option to continue to provide
shareholders a market for their shares during any prolonged period
of suspension.
For further information:
Grand Group Investment PLC
James Newman, Non-Executive Tel: +44 (0)
Chairman 20 7398 7714
Yang Xiao, Executive Director www.grandgroupplc.com
ZAI Corporate Finance Limited
Ray Zimmerman / Ruby Qu Tel: +44 (0)
20 7060 2220
www.zaicf.com
This information is provided by RNS
The company news service from the London Stock Exchange
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July 13, 2017 10:13 ET (14:13 GMT)
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