RDP Radicle Proj.

 

TIDMRDP 
 
RNS Number : 8311R 
Radicle Projects Plc 
31 August 2010 
 

31 August 2010 
                              Radicle Projects plc 
                      ("Radicle Projects" or the "Company") 
 
                Suspension of Ordinary Shares from trading on AIM 
 
Further to the announcement made on 27 August 2010, the Board of Radicle 
Projects announces that Radicle Projects PTY Ltd, the Company's principal 
trading subsidiary, has been placed into Voluntary Administration.  Stephen J 
Parbery, Brett S Lord and Craig D Crosbie of PPB have been appointed as Joint & 
Several Administrator of Radicle Projects PTY Ltd. 
 
The Board is continuing to consider the options now available to it, including 
the possibility that the Company be placed into administration. As a result, and 
in accordance with the AIM Rules, trading in the Company's ordinary shares has 
been suspended pending clarification of its financial position. 
 
The Board intends to make a further announcement will be made shortly. 
 
Enquiries: 
 
+-------------------------------------------+----------------+ 
| Radicle Projects PLC                      |                | 
+-------------------------------------------+----------------+ 
| John McLennan                             | +61 (0) 3 8611 | 
|                                           | 6711           | 
+-------------------------------------------+----------------+ 
|                                           |                | 
+-------------------------------------------+----------------+ 
| Charles Stanley Securities                |                | 
+-------------------------------------------+----------------+ 
| Nominated Adviser                         |                | 
+-------------------------------------------+----------------+ 
| Russell Cook / Carl Holmes                | 020 7149 6000  | 
+-------------------------------------------+----------------+ 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 SRSPBMJTMBBJMBM 
 

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