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On 5 October 2007, PLUS Markets Group plc confirmed that it had signed a heads of terms agreement with a third party. This was non-binding and the Company confirmed that shareholders would be kept informed of developments.
Following continuing detailed discussions, the Board has concluded that the transaction as envisaged would not deliver sufficient benefits to all of the Company’s existing shareholders. Accordingly, discussions with the third party have been terminated and the Company has today requested that its ordinary shares be restored to trading on AIM.
The Company confirms it is on schedule to launch its new trading and market surveillance technology at the beginning of November 2007, taking its stock coverage to over 7,500 securities including European liquid shares. This will allow investment firms to meet all their execution, reporting and transparency needs under MiFID on PLUS.
