XSN Xsn

RNS Number:8652Q
XSN PLC
27 March 2008

27 March 2008

                        XSN plc ("XSN" or "the Company")

                             Comment on suspension

On 26 March 2007, shareholders approved the adoption of a change in strategy for
XSN to that of an investment company. Under the AIM Rules, the Company was
required to complete a reverse takeover by 26 March 2008 or trading in the
ordinary shares of the Company on AIM would be suspended for up to six months,
following which the listing on AIM will be cancelled if a reverse takeover has
not been completed before the end of that six month period.

The Company has been actively seeking a suitable acquisition but has not yet
been able to conclude such a transaction and, accordingly, trading in the
Company's shares is being suspended with effect from this morning.

Possible acquisition

The Company is, however, pleased to report that it has agreed the terms by which
it would acquire another business through a reverse acquisition. The board of
XSN expects to announce details of the transaction and publish a circular to
shareholders next month. Further announcements will be made as appropriate.

For further information:

XSN plc
David Elstein                                         077 3985 3187

Grant Thornton Corporate Finance
Colin Aaronson                                        020 7383 5100




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

MSCPUUPAWUPRGRQ

Xsn (LSE:XSN)
Gráfica de Acción Histórica
De Abr 2024 a May 2024

Xsn (LSE:XSN)
Gráfica de Acción Histórica
De May 2023 a May 2024