MIC Micap

    RNS Number : 0678C
  MICAP PLC
  27 August 2008
   



    For release at 7.30am on 27th August 2008




    MICAP PLC 
    ("Micap" or "the Company")

    Re: Temporary Suspension of Trading



    The board of Micap, the AIM quoted natural food ingredients business, announces that it has requested a temporary suspension of trading
in its shares on AIM pending clarification of its current financial position.

    Further to the business update issued on 31 July 2008, as a result of much higher than expected professional advisory fees in relation
to the abortive acquisition Micap's working capital position has been adversely affected leaving the company with funds sufficient for only
the next one to three months.

    The Company's working capital position over this period will depend on how negotiations proceed with these professional advisers over
the next three weeks. The Board expects to make a further announcement in due course.


    Enquiries:

 Micap plc              +44 (0)1942 625590
 Michael Norris, CEO

 HB Corporate           +44 (0)20 7510 8600
 Imran Ahmad
 Edward Hutton
 Rory Creedon


 Adventis Financial PR  +44 (0)20 7034 4758/4759
 Tarquin Edwards
 Chris Steele



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