WSPR Worldspd

TIDMWSPR

RNS Number : 5302Z

Worldspreads Group PLC

16 March 2012

16 March 2012

WorldSpreads Group PLC

("WorldSpreads" or the "Group")

Suspension of shares

Further to the announcement earlier today regarding the suspension of its shares from trading on AIM, Worldspreads confirms that following a review of the Group's financial position, possible financial irregularities have been identified. Whilst the Group and its advisers investigate, Worldspreads has requested a suspension of its shares from trading pending its findings and clarification of the Group's financial position

Given the uncertainty as to the outcome, Worldspreads is currently unable to assess its financial position, and inform the market accordingly, and considers the suspension to be appropriate. The Group expects that the suspension will remain in force until such time as Worldspreads is able to determine with sufficient clarity the Group's financial position.

The Group has notified the FSA of these developments. Further announcements will be made in due course.

For further information please contact:

 
 WorldSpreads Group plc 
  Lindsay McNeile, Executive Chairman / Dominic Bacon, General 
  Counsel 
  +44 (0)20 7398 5100 
 Collins Stewart Europe Limited 
  Matt Goode 
  +44 20 7523 8350 
 Bloxham 
  Peter O'Carroll 
  +353 (0) 1 611 9200 
 

About WorldSpreads Group plc

WorldSpreads Group plc (AIM: WSPR) is a financial services group offering online and telephone trading. The Group's core activity is the provision of spread betting and CFD products on the financial markets to retail clients from its website www.worldspreads.com.

WorldSpreads Limited, a wholly-owned trading subsidiary of WSPR, is regulated and authorised by the Financial Services Authority. It offers a full range of spread betting and CFD prices on all the major financial markets, including stock indices, individual shares, currencies, commodities and interest rates.

The Group floated on the London Stock Exchange's AIM market in August 2007 and gained a dual listing by joining the Irish Stock Exchange's IEX market in May 2008.

This information is provided by RNS

The company news service from the London Stock Exchange

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