Cancellation of Admission
June 12 2009 - 8:51AM
UK Regulatory
TIDMSRR
RNS Number : 8336T
Strategic Retail PLC
12 June 2009
Strategic Retail plc
("Strategic Retail" or the "Company")
Cancellation of Admission
Strategic Retail announces that, following the appointment of administrators to
three of its trading subsidiaries, the liquidation of a dormant fourth
subsidiary and the disposal of certain assets, as announced on 23 December 2008,
the Board has continued to review the options available to the Company.
Following discussions with certain major creditors and shareholders, the Board
has now resolved to commence insolvency proceedings in the near future.
Shareholders will be provided with further information at that time.
As the Company's ordinary shares have been suspended from trading for a period
of six months, it is expected that the admission of the Company's ordinary
shares to trading on AIM will be cancelled at 7am on Monday, 15 June 2009.
For further information, please contact:
+--------------------------+--------------------------+--------------------------+
| Ian Currie (Chairman) | Strategic Retail plc | Tel: 0161 831 1512 |
| | | |
+--------------------------+--------------------------+--------------------------+
| Robin Gwyn | WH Ireland Limited | Tel: 0161 832 2174 |
+--------------------------+--------------------------+--------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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