Withdrawal from PLUS Stock Exchange
The Directors of the Company today announce the intention to withdraw from the PLUS Stock Exchange on 31 May 2012.
In light of the decision by PLUS Markets Group plc to close the PLUS Stock Exchange, and taking into account the poor level of liquidity and the resources required to maintain the listing, it was felt that the Company should withdraw from the PLUS Stock Exchange at the earliest opportunity.
The Directors will still keep shareholders informed of progress in the business and it shall continue to make announcements through its website, www.zetaplc.com.
No alternative arrangements for dealing in the Company's shares are yet proposed by the Directors, but alternative arrangements are being investigated and shareholders will be contacted with details of trading options at the appropriate time.
Shareholders representing more than 75% of the issued share capital of the Company have irrevocably undertaken to vote in favour of any resolution proposing a withdrawal. In light of this undertaking, the PLUS Regulation team has granted a derogation from the PLUS Rules requiring the Company to provide shareholders with an objection period of 10 business days.
However, for the sake of good order, the Directors are notifying shareholders in advance of the proposed delisting which is to take place 10 clear business days from the date of this announcement.
The Directors of Zeta are responsible for the contents of this announcement.