TXO TXO

TIDMTXO

RNS Number : 5241F

TXO PLC

23 February 2015

TXO PLC

("TXO" or the "Company")

Update re Resignation of Nominated Adviser

The Board of the Company announces that, following suspension of the Company on AIM pursuant to AIM Rule 1, it remains in discussions with potential replacement advisers and that the Board is also considering a financial reconstruction of the Company.

Following recent events the Board has decided to defer the issue to all shareholders of a free warrant pro-rata to their existing shareholdings on a 1:2 basis, at 0.1 pence.

Further announcements will be made in due course.

23 February 2015

For further information, please contact:

TXO PLC

   Tim Baldwin, Chairman                                                     +44 (0) 207 518 4300 

Lothbury Financial Services Limited

   Michael Padley / Chris Roberts                                       +44 (0) 203 440 7620 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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