Disposal
19 November 2009 - 3:33AM
UK Regulatory
TIDMMKM
RNS Number : 7258C
MKM Group PLC
18 November 2009
MKM Group Plc
Completion of Disposal
MKM Group Plc ("MKM" or the "Company") announces that all conditions relating to
the disposal by the Company of the entire issued share capital of each of The
Leapfrog Group Limited and Concepts for Travel Limited (the "Disposal") have now
been satisfied and, accordingly, the Disposal has now been completed.
As a result, the resolution to cancel the admission of the ordinary shares of
0.5p each in the capital of the Company ("Ordinary Shares") to trading on AIM
which was approved by shareholders at the Extraordinary General Meeting of the
Company held on 13 November 2009 is now unconditional.
The last day of trading on AIM of the Ordinary Shares is expected to be 20
November 2009 and cancellation of admission of the Company's Ordinary Shares to
trading on AIM is expected to take effect at 7.00 am on 23 November 2009.
The circular to shareholders of the Company dated 21 October 2009 included
details of compromise agreements which it was expected would be entered into by
the Company and each of Mark Koch and Brian Smillie on completion of the
Disposal. These agreements are now expected be entered into on or before 23
November 2009.
For further information, please contact:
+--------------------------------------+--------------------------------------+
| MKM Group Plc | 0161 877 1112 |
+--------------------------------------+--------------------------------------+
| Brian Smillie, Chief Executive | |
+--------------------------------------+--------------------------------------+
| | |
+--------------------------------------+--------------------------------------+
| | |
+--------------------------------------+--------------------------------------+
| WH Ireland Limited | 0161 832 2174 |
+--------------------------------------+--------------------------------------+
| Robin Gwyn | |
+--------------------------------------+--------------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
DISUWONRKARAAAA
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