AZH Azure Hlgs

RNS Number:8005U
AIM
29 January 2004

Azure Holdings plc (formerly Room Service Group plc)


Trading in the shares of Azure Holdings plc ("Azure") on AIM has been suspended
since 22 October 2003.  Since that time the London Stock Exchange ('the
Exchange') has been working to alleviate the settlement difficulties that have
affected the shares and to ensure that all investors received either the shares
which they purchased together with the connected entitlements, or a cash payment
of equivalent value if they so wished.



On 19 December the Exchange announced that it had directed the Azure market
makers to make a Settlement Offer in cash in lieu of the delivery of Azure
shares and the associated entitlements to participate in the forthcoming Open
Offer.



The Settlement Offer has now closed, acceptances have been processed and the
brokers of those qualifying investors who accepted the offer should shortly
receive payment, if they have not done so already.



Those investors who declined the Settlement Offer should now have received
delivery of their shares.  In addition, the Exchange is satisfied that the
counterparties concerned are now able to protect those same investors'
entitlements by enabling them to acquire 10 additional shares for each share
held at 1p per share through their broker as if they had participated in the
Open Offer.



Once the Open Offer has been made by Azure, those investors who purchased Azure
shares prior to the record date for the Open Offer will be able to contact their
broker to obtain a copy of the Open Offer prospectus and application form.
Those investors wishing to acquire additional Azure shares on equivalent terms
to the Open Offer will then receive their additional shares through their broker
against payment of the subscription price of 1p, in accordance with the Open
Offer timetable.



Qualifying investors who did not accept the cash Settlement Offer and, having
considered the Open Offer, wish to acquire additional Azure shares should
therefore return the completed application form to the broker through which they
dealt, instead of to the Company itself.



Since the settlement backlog in Azure shares has now been resolved, and the
rights of investors' who were affected by the backlog to purchase additional
shares have been protected, trading in Azure shares will resume on Friday 30
January 2004.



Enquiries:

Public enquiries:       020 7797 3523

Press enquiries:        020 7797 1222






                      This information is provided by RNS
            The company news service from the London Stock Exchange
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