Suspension of shares (5302Z)
16 Mars 2012 - 2:41PM
UK Regulatory
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
END
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