Temporary Suspension
February 16 2009 - 6:30AM
UK Regulatory
TIDMTTX
TURFTRAX PLC (the "Company")
Temporary suspension and resignation of adviser
On 19 December 2008, the Company announced that it had entered into talks to
secure investment into the group and to convert the Company into an investment
company.
The Board announces that it has been unable to secure the additional investment
and has therefore requested the temporary suspension of its shares from trading
on AIM pending clarification of the Company's financial position.
Resignation of Adviser
Dowgate Capital Advisers Limited, the Company's Nominated Adviser announces its
resignation with immediate effect. Pursuant to AIM Rule 1 if, within a period
of one month from the date of a company ceasing to have a Nominated Adviser, it
has failed to appoint a replacement Nominated Adviser, the admission of the
company's AIM securities will be cancelled.
A further update will be made in due course.
Contact:-
TurfTrax plc
Adam Mills, Chairman
Tel: 01722 434 000
Nominated Adviser
Dowgate Capital Advisers Limited
Liam Murray/Aaron Smyth
Tel: 020 7492 4777
Broker to TurfTrax plc
Newland Stockbrokers Limited
Steven Goschalk
Tel: 020 7290 2414
END
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