RNS Number : 2189W
  Meriden Group PLC
  09 June 2008
   





    Meriden Group plc 

    ("the Company")

    Possible reverse takeover and suspension of shares

    The Directors are pleased to announce that the Company is in detailed negotiations regarding an acquisition which, if consummated, would
constitute a reverse takeover under the AIM Rules. The acquisition would be subject to the approval of shareholders and the granting by the
Takeover Panel of a waiver of the obligation on the Company to make a general offer under Rule 9 of the City Code on Takeovers and Mergers.

    Since the Company has been unable to complete a reverse takeover prior to 8 June 2008, being 12 months after the Company became an
investing company pursuant to the AIM Rules, trading in the Company's shares on AIM has today been suspended. Restoration of trading will
occur upon publication of the Company's circular and AIM admission document relating to the acquisition.

    The Company is currently in the process of undertaking due diligence in relation to the acquisition.  Further announcements will be made
in due course as appropriate.


    Contact:

    Rick Payne
    Meriden Group plc
    01606 721300


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