GOA Gemstone

 

TIDMGOA 
 
RNS Number : 8859Z 
Gemstones of Africa Group PLC 
30 September 2009 
 

gemstones of africa group plc 
 
 
("GOA" or the "Company" OR THE "group") 
Suspension of Shares 
The Board of Gemstones of Africa Plc (AIM: GOA), announces that, pursuant to 
Rule 15 of the AIM Rules for Companies ("AIM Rules"), the Company's ordinary 
shares have been suspended from trading on AIM with effect from 7 a.m. this 
morning as the Company has not been able to fully satisfy the requirements of 
the AIM Rules that it has substantially implemented its investing strategy by 29 
September 2009, this being the anniversary of the Annual General Meeting of the 
Company at which shareholders gave consent to the Company's investing strategy. 
 
 
The board structure has recently been changed and as a consequence of the AIM 
requirement to effect a substantial acquisition, the directors are actively 
pursuing acquisition opportunities for the Company and will update the market 
with any developments accordingly. The Company's investing strategy remains 
unchanged. 
 
 
The directors are confident that a suitable acquisition or investment will be 
made before 31 March 2010, the date by which under Rule 41 of the AIM Rules, the 
Company is required to complete an acquisition or investment that constitutes a 
reverse takeover under the AIM Rules in line with the Company's previously 
announced investment strategy. 
 
 
In the event that such an acquisition is not been made by the Company by 31 
March 2010 trading in the Company's shares on AIM will be cancelled. 
 
 
=--- Ends ---- 
 
 
For further information please contact: 
 
 
Gemstones of Africa Group Plc     Tel. 020 7099 1940 
Simon Rollason, Non-Executive Chairman 
 
 
Daniel Stewart & Company plc     Tel. 020 7776 6550 
Stewart Dickson /Simon Leathers 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 SRSSEWFIUSUSESU 
 

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