14/04/09
Plus Investors Plc
("Plus Investors" or "the Company")
Resignation of Director and Withdrawal from PLUS
The directors of the Company announce the intention of the Company to withdraw
its shares from trading on PLUS Market on 28 April 2009. Current funding
constraints have brought about a plan to downsize the Company's operations and
a change of operating strategy. Reflecting this change of direction the
Company's Board has considered it prudent to withdraw its listing from the
PLUS-quoted market.
The Company also wishes to announce the resignation with immediate effect of
Tony Scutt from the Board of Plus Investors Plc. Tony's experience in the oil
and gas sector made him an invaluable member of the Board as it pursued its
original intentions of creating a new force of service companies in that
sector. The Company is extremely grateful for Tony's efforts during his time
with the Company and wishes him every success in his other interests within the
resources sector.
The Company will investigate the benefits and costs of providing a matched
bargain trading facility. Shareholders will be contacted with details of this
option in due course but should contact Mark Watson-Mitchell the Company's
Chairman in the interim if they have any questions.
Under the PLUS Market rules, the Company is required to give shareholders a
period of 10 business days to object to the intended withdrawal of its
securities from the PLUS Market. Any shareholder wishing to raise an objection
should contact PLUS Markets in confidence by 5pm on 27 April 2009 (email:
regulation@plusmarketsgroup.com, telephone: +44 (0)20 7553 2035).
Following this announcement the Directors hold 1,725,000 Ordinary Shares
representing 3.23% of the Company's equity, which totals 53,262,500 Ordinary
Shares currently in issue.
The Directors of the Issuer accept responsibility for this announcement.
--ENDS--
Enquiries:
Plus Investors Plc
Mark Watson-Mitchell Tel: 020 7638 8750
Rivington Street Corporate Finance Tel: 020 7562 3373
Leo Godsall Eran Zucker
Leo@rs-cf.com Eran@rs-cf.com
END