SECO Secora

    RNS Number : 6127G
  Secora PLC
  24 October 2008
   

    24th October 2008 

    Secora - Update

    Secora, the investment company focused on the development of consumer lifestyle brands in the entertainment, leisure, fashion and health
& beauty sectors is pleased to confirm that, following its announcement on 23rd September and having consulted with the Company's advisers,
it will be seeking a listing for its shares imminently on PLUS Markets. 

    Brewin Dolphin's resignation submitted on 23rd September and the company's intent to seek an alternate market with the cost savings
involved whilst providing a suitable trading facility for shareholders has meant that the shares in Secora will be delisted from AIM as of
24th October. As a result of the delisting the AIM Rules, specifically Rule 41, will cease to apply and as such the express permission of
the exchange and shareholders is no longer required.

    It is Company's intention to submit an application for admission to PLUS Markets within the next 10 days. As stated in the announcement
published on 23rd September, the Directors will seek to manage any shareholder trading requirements via an interim matched bargain trading
facility to bridge the timing gap. If you have any enquiries regarding trading in the company's shares, please contact the Directors of the
Company. 

    Secora is also pleased to announce that it has appointed PLUS corporate advisor, Rivington Street Corporate Finance to assist with the
transition and application to PLUS.  

    On 6th October, Secora invested �80,000 in Miller Harris Limited, in the form of a convertible loan note.  The loan carries a coupon of
8% interest per annum and may be converted into ordinary shares prior to 31st December 2009 at the lower of �2.94 per share and a price per
share which is 25% less than the price at which Miller Harris issues any ordinary shares in the intervening period.  

    The Company also wishes to announce that the board has accepted the resignation of Richard Thompson as director of the Company with
immediate effect. Richard has chosen to leave to pursue his other business interests but continues to remain a supportive shareholder, and
the Company would like to thank him for his support. 

    The Company will be shortly sending out an AGM notice convening an AGM and it intends to release its final results for the year ended
31st March 2008 on 30th October. 

    -------------- ends ----------------


    Secora plc 
Marcus Yeoman 
Chairman  
0207 039 0187
    Rivington Street Corporate Finance
    Monisha Varadan 
02075623389

    Leo Godsall 
02075623393





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