PRIME INVESTMENTS INTERNATIONAL GROUP LIMITED
("Prime" or the "Company")
Statement regarding PLUS Markets Group plc
The Board of Prime notes the announcement of Monday, 14May 2012 by PLUS Markets Group Plc ("PLUS") http://www.plus-sx.com/newsItem.html?newsId=1611740 of the closure of its formal sale process and its intention to wind down its operations in an orderly fashion over a period of up to six months. The Directors have been aware since February 2012, when the news of a formal sale process entered the public domain, of questions surrounding PLUS's future as a stock exchange and they have for some time been consulting their professional advisers on this matter. They have been evaluating options for raising the profile of the Company and improving liquidity in the shares, including seeking admission of the shares to trading on another stock exchange.
The Directors expect in the near future to be in a position to make a further announcement concerning the conclusions drawn from this consultation process. They wish in the meantime to re-assure all shareholders that they are not only aware of the situation but that they will ensure the interests of shareholders are protected to the fullest extent appropriate under the circumstances recently announced by PLUS.
Muin El-Saleh, Chief Executive Officer
Dubai, 16 May 2012
This announcement is made after due and careful enquiry;the Directors accept responsibility for its content.
Enquiries:
Prime International Investments Group Limited:
Victoria Arscott, Investor Relations Manager; +971 4 350 3596;
varscott@prime-holdings.com
Daniel Stewart and Company Plc:
Graham Atthill-Beck; +971 4 340 7262/+971 50 856 9408/+44 7779 059 879;
graham.atthill-beck@danielstewart.co.uk
Jamie Barklem; +44 20 7776 6550; jamie.barklem@danielstewart.co.uk;
Paul Shackleton; +44 20 7776 6550; paul.shackleton@danielstewart.co.uk
ENDS
